Back­ing down on PPC, DESFA

Kathimerini English - - Focus - CHRYSSA LIAGGOU

The govern­ment is keep­ing all its op­tions open as re­gards the fu­ture of Pub­lic Power Cor­po­ra­tion and in­creas­ing com­pe­ti­tion in the elec­tric­ity mar­ket, but it ap­pears it has been forced to move ahead with the sale of 66 per­cent of the nat­u­ral gas grid op­er­a­tor (DESFA) de­spite wish­ing oth­er­wise.

Un­der pres­sure to com­plete the sec­ond bailout re­view and to re­solve the mul­ti­ple prob­lems in the do­mes­tic mar­ket, the govern­ment has not ruled out slic­ing off a part of PPC and sell­ing it to the pri­vate sec­tor (a so-called “Small PPC”), as En­ergy Min­is­ter Gior­gos Stathakis made clear in the con­text of yes­ter­day’s joint press con­fer­ence with Euro­pean Com­mis­sioner for En­ergy Miguel Arias Canete in Athens. Stathakis de­parted from the non­nego­tiable view in fa­vor of 51 per­cent of PPC stay­ing with the state, to “a strong and sus­tain­able PPC.”

On the side­lines of the press event, Stathakis in­formed re­porters that the new ten­der for DESFA will be­gin in the next few days and will con­cern the en­tire 66 per­cent stake of­fered in the pre­vi­ous process, which puts an end to the min­istry’s as­pi­ra­tion to re­tain 51 per­cent of DESFA for the state.

Com­mis­sioner Canete stated that “the Com­mis­sion con­tin­ues to be­lieve that 66 per­cent of DESFA ought to be pri­va­tized in the best pos­si­ble con­di­tions,” and that the can­di­date buy­ers will have to be in­de­pen­dent op­er­a­tors of nat­u­ral gas sys­tems. nat­u­ral gas reserves at the LNG ter­mi­nal on the islet of Revyt­housa are set to run out to­mor­row be­cause the LNG car­rier that had been sup­posed to de­liver a ship­ment from Al­giers has not yet been able to dock at the Al­ge­rian cap­i­tal’s port due to rough seas.

Newspapers in English

Newspapers from Greece

© PressReader. All rights reserved.