Greece has given investors another week to 15 January to submit binding bids for three coal-fired power plants and a licence to build another one, a senior energy ministry official told Reuters on Monday (7 January).
Lignite has been the driving force of the Greek economy for the last six decades and the government intends to keep it that way, even though this most polluting of fuels is now becoming uncompetitive, writes Nikos Mantzaris.
It is no secret that the Public Power Corporation (PPC) heavily influences the Greek government, but the EU institutions should step in to prevent a violation of European environmental legislation, writes Nikos Mantzaris.
The leftist Greek government has clashed with the country's energy providers over the continuation of a special levy (ELAPE) imposed in order to balance the renewable energy sources account, which is a bailout obligation.
Greece has agreed that its main power utility, Public Power Corp (PPC), will sell some coal-fired plants as part of bailout reforms, two sources close to the talks said today (29 March).