The European Commission has opined that the Public Power Corporation’s (PPC) lignite plants in Megalopolis and Florina are the most competitive electricity production units in the Greek wholesale electric energy market.
PPC yesterday issued a call for interest in the privatisation process, which is expected to be concluded by 17 October.
The assessment of the two plants’ competitiveness appears in a 17 April, 2018, decision of the Commission regarding “Greek lignite and electrical energy markets”, which describes the measures agreed to by the government, in order to address competition issues arising from the fact that PPC has a monopoly in lignite production.
The European Court in a 2009 decision had determined that the sale of 40 percent of PPC’s lignite capacity was the necessary corrective measure.
The units that will be sold off, according to the Commission, represent a lignite electrical production capacity of up to 1220 MW and, on average, 35.6 percent of the total projected capacity of the PPC’s lignite electrical production for the period 2018-2035.
