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PPC's lignite power units up for sale

Featured PPC's lignite power units up for sale

The clock isticking for the sale of the four lignite units of public power coroporation (PPC) DEH, as the publication of the relevant call for expressions of interest is expected after the agreement of the government with the institutions .

The aim is for the tender to begin next June and the process of decommissioning by PPC to be completed by the end of 2018. Now the government and Energy Minister Giorgos Stathakis are called upon to manage the front opened with the PPC employee union GENOP and local communities in Florina and Megalopolis.

GENOP and local communities have already begun protests against the sale of the four units. Today (Monday) a rally is to be held in Florina and on 6 December in Megalopolis.

According to the agreement, by the end of 2018, 40% of the lignite capacity of PPC, Megalopolis units 3 and 4, the Meliti I plant in Florina and the license for the construction of Melitis II, along with the mines will have to b sold.

The wager is to attract investors something that will augur the success or otherwise of this complex venture. However, representatives of companies active in the domestic electricity market appear reluctant, as they believe that lignite investment is not profitable, given the European Union's carbonization targets.

Nor have major European energy companies declared public interest in the lignite plants.