Three suitors for power grid op­er­a­tor

Kathimerini English - - Front Page - CHRYSSA LIAGGOU

Two Euro­pean com­pa­nies and one from China have en­tered the race for a 24 per­cent stake in the In­de­pen­dent Power Trans­mis­sion Op­er­a­tor (ADMIE) that is up for pri­va­ti­za­tion, while one more Chi­nese firm that took part in the ten­der is said to have been elim­i­nated for not meet­ing the re­quire­ments.

The suitors that have been short­listed ahead of an Oc­to­ber 31 dead­line for bind­ing bids in­clude Italy’s Terna, whose in­ter­est was taken for granted after its en­try in the first ten­der for a 66 per­cent stake in ADMIE, and the re­cent con­tacts its of­fi­cials had in Athens. There is also France’s RTE – the Elec­tricite de France sub­sidiary that was not in the first ten­der but has been very ac­tive in the last few days – and Chi­nese gi­ant State Grid Cor­po­ra­tion of China (SGCC).

The Chi­nese firm had en­tered the first ten­der au­tonomously but its pres­ence in this se­cond ten­der con­sti­tuted a sur­prise as the law for the sep­a­ra­tion of ADMIE from Pub­lic Power Cor­po­ra­tion was tai­lor-made for a Euro­pean op­er­a­tor. How­ever, the par­tic­i­pa­tion of SGCC in Por­tu­gal’s REN with a 25 per­cent stake granted it a pass­port to en­ter the ADMIE ten­der. In con­trast, the China South­ern Power Grid was left out of the ten­der, ac­cord­ing to sources.

Terna, RTE and SGCC are the three con­tenders short­listed in the ADMIE pri­va­ti­za­tion ten­der.

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