Displaying items by tag: privatization

The government plans to sell Public Power Corporation DEH soon. The deliberation time ends this week, March 14 and thereafter the “green light” for its sale will be given.

New legislation says a 66% stake of power grid operator ADMIE is up for grabs, but the next stage of the confrontation will include a worker strike, with potentially lengthy power cuts.

By paying 400 million euros worth of debt to the Athens Water and Sewage Company EYDAP, the government hopes it will make the firm more lucrative ahead of efforts to privatize it.