Plan to save PPC by selling a stake in its distribution network

The government and troubled Public Power Corporation are working on a plan for the privatization of the distribution network.

That is the most important asset of PPC after the Independent Power Transmission Operator (ADMIE), as it has guaranteed and regulated revenues that will definitely attract investors and is expected to be sold quickly, unlike the coal-fired plants.

ADMIE to concede stake in Ariadne

State grid operator ADMIE intends to concede up to 39 percent of its special purpose vehicle Ariadne, created to undertake the power interconnection between Crete and Attica. The stake will be sold to third-party investors, with priority to be granted to certified power transmission operators from fellow European Union states.