De­lays to PPC, DESFA pri­va­ti­za­tions

Kathimerini English - - Focus - BY VAN­GE­LIS MANDRAVELIS

While more de­lays are hold­ing up the pri­va­ti­za­tion of Pub­lic Power Cor­po­ra­tion (PPC) and gas grid op­er­a­tor DESFA, the con­ces­sion of some of the coun­try’s mari­nas is mov­ing on.

On Wednesday, the board of state sell-off fund TAIPED an­nulled the ten­der for hir­ing a fi­nan­cial con­sul­tant in the sale of the 17 per­cent stake in PPC. This de­ci­sion seals the fund’s in­ten­tion to de­lay the sale of its share of the power util­ity un­til the trans­ac­tions of the elec­tric­ity pro­duc­ing units the com­pany is pro­mot­ing are com­pleted.

It was TAIPED’s chair­woman, Lila Tsit­soyiannopoulou, who stated the find’s in­ten­tion a few days ago. Speak­ing to re­porters, she said that as long as the mat­ter of PPC’s as­sets re­mains open, the TAIPED man­age­ment prefers not to con­cede its 17 per­cent stake, im­ply­ing, there­fore, that the stake will be up for grabs next year.

The fund also ex­pects a fur­ther de­lay on the DESFA front, as the Reg­u­la­tory Author­ity for En­ergy has only just started the process of de­ter­min­ing gas charges. That process, sources in the know said, could de­lay the pri­va­ti­za­tion pro­ject by one or two more months, prob­a­bly putting off the trans­ac­tion of the 66 per­cent DESFA stake to 2018. The same sources did add that the new charges by RAE will of­fer a clearer en­vi­ron­ment for any in­vestors in­ter­ested.

What does ap­pear to be mov­ing ahead is con­ces­sion of some of the coun­try’s mari­nas. On Wednesday the TAIPED board was in­formed about the start of the pro­ce­dure for the con­ces­sion of the mari­nas at Ar­gos­toli, Zakyn­thos, Kala­maria, Rhodes, Itea, etc. The first step will be to com­mis­sion con­sul­tants to as­sist in draft­ing the in­vi­ta­tion of in­ter­est.

The sale of rail­way ser­vice op­er­a­tor Train­ose to Italy’s Fer­rovie is ap­proach­ing com­ple­tion, as the amended draft con­tract has been sub­mit­ted to the State Au­dit Coun­cil for ap­proval. TAIPED hopes that this process will be wrapped up swiftly and not put off un­til Septem­ber.

ex­pects a fur­ther de­lay in the DESFA sale, as the Reg­u­la­tory Author­ity for En­ergy has only just started the process of de­ter­min­ing gas charges. That process, sources in the know said, could de­lay the pri­va­ti­za­tion pro­ject by one or two more months, putting the trans­ac­tion off to 2018.

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