PPC streamlining plan has creditors’ initial consent

The streamlining plan for Public Power Corporation (PPC) that was announced by the government in Parliament on Monday appears to have secured the provisional consent of Greece's creditors. At the same time the domestic electricity market is waiting to see a more detailed plan, mainly regarding the institutional obligations and commitments of the country to the creditors for the reduction of PPC's retail market share.

Private power producers and suppliers are asking how the binding target for PPC's market share to drop below 50 percent by end-2019 will be achieved, expressing reservations about the creditors' attitude to the decision against the sale of hydroelectric plants, given that they were always on the negotiating table and are included in the deal with the creditors as alternative measures.

Energy Ministry sources tell Kathimerini that in his first meeting with...

Continue reading on: