Meliti

The union of Public Power Corporation workers (GENOP/DEH) has happily accepted a proposal from the utility's management regarding redundancy incentives for employees with full pension rights working at the West Macedonia Lignite Center and the subsidiaries Meliti Lignite and Megalopoli Lignite that are being prepared for privatization.

The new tender for Public Power Corporation's coal-fired plants in Meliti and Megalopoli has generated only lukewarm interest from the market, as there is a shared view that the new sale-purchase agreement approved by PPC is barely different to that of the original tender.

A number of energy-intensive industries are planning to join forces for the acquisition of the Public Power Corporation's coal-fired unit at Meliti in western Macedonia.

Public Power Corporation has granted candidate investors in the lignite-powered units at Megalopoli and Meliti an April 19 deadline to inform the utility of any consortiums they may form between them or with third parties in order to take part in the next phase of the tender.

The five main bidders in the first stage of the previous tender for Public Power Corporation's four lignite plants at Meliti and Megalopoli threw their hats into the ring again on Friday, in addition to another company from China.

The Public Power Corporation tender for the concession of the lignite plants at Meliti and Megalopoli has ended in failure, as was expected.

The PPC board rejected Mytilineos SA's bid for the Meliti plants on Friday, as well as the below-par offer by the Sev.en Energy-GEK Terna consortium for the entire portfolio that PPC is selling.

Wednesday's results of the tender for the sale of the coal-fired electricity units of Public Power Corporation at Megalopoli and Meliti confirmed estimates saying that lignite is not at all attractive as a fuel form any longer.

The coal-fired power production units at Megalopoli and Meliti, which Public Power Corporation plans to sell, have become sustainable and started to turn a profit, according to the utility's chairman and chief executive Manolis Panagiotakis.

The European Commission has informally allowed Greece's Public Power Corp. (PPC) to extend the deadline for binding bids for three coal-fired plants by three weeks, an energy ministry source said on Monday.

Brussels is raising obstacles to Chinese plans to enter Greece's energy market, reversing the situation in the tender for the privatization of Public Private Corporation's lignite-fired plants where CHN Energy had appeared to be the favorite.