Greece’s power utility PPC announced on Wednesday that China’s State Grid Corp. has submitted the winning bid for a 24 percent stake in grid operator ADMIE, offering 320 million euros.

Power utility PPC said the deadline for the submission for binding bids for the purchase of a 24 percent stake in the Greek grid operator ADMIE is extended for a week, to “allow more time for potential investors to make their bids”.

European energy companies have shown strong interest in participating in the equity capital of Independent Power Transmission Operator (IPTO or ADMIE), Environment and Energy Minister Panos Skourletis said on Thursday.