Greece to launch sale of power distribution operator in September

Greece will kick off the sale of a minority stake in power distribution operator HEDNO in September, Energy Minister Kostis Hatzidakis said on Friday.

Speaking on the sidelines of the signing of a loan agreement between the European Investment Bank (EIB) and PPC, Hatzidakis told reporters that the sale process for a 49% stake will begin in September.

Larco miners protest selloff plans with Athens rally

Hundreds of miners gathered outside Parliament in downtown Athens on Saturday to protest plans to liquidate and sell state-owned ferronickel production firm Larco. The European Commission in November said that it was taking Greece to the European Court of Justice over its failure to recover 135.8 million euros of illegal state aid to the company.

River diversion project gets green light to go ahead

A contentious project aimed at diverting Greece's second-longest river, the Acheloos, from western Greece to the heavily farmed Plain of Thessaly, will go ahead after all, it was decided on Saturday following a meeting of State Minister Giorgos Gerapetritis and the head of Parliament's public administration committee Maximos Harakopoulos.

DEPA, Energean sign letter of intent to supply EastMed with gas

Greece's gas distribution network DEPA and Greek refiner Energean Oil & Gas signed a letter of intent which envisages the supply of two billion cubic metres of gas a year via the Eastern Mediterranean pipeline, just hours before an intergovernmental agreement for the support of the pipeline is signed by Greece, Cyprus and Israel in Athens.

Italy fully backs EastMed

On Thursday, Cyprus, Greece and Israel will sign, in Athens, an Intergovernmental Agreement on building the EastMed natural gas pipeline, and Italy's Minister for Economic Development Stefano Patuanelli, whose portfolio includes Energy, has sent a letter of support for the project to his Greek counterpart, Environment and Energy Minister Kostis Hatzidakis.