Greek opposition asks for details on PPC energy deal


CSA Z462 Arc Flash Training – Electrical Safety Compliance Course

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 6 hours Instructor-led
  • Group Training Available
Regular Price:
$249
Coupon Price:
$199
Reserve Your Seat Today
Greece's main opposition socialists called for details of a possible energy deal between Greek utility Public Power Corp (PPC) and Germany's RWE, saying the government was moving to privatize it.

"(The government) is pursuing a suspicious, non-transparent policy which will lead to the... privatization of the company," the socialist PASOK party said in tabling a question to the prime minister. PPC has been seeking foreign partners to help it expand operations in Greece and the Balkans, aiming to offset a drop in market share and profit since the country liberalized its energy market last year under EU guidelines.

In December PPC said it was talking with RWE, focusing on a possible joint construction of coal-powered electricity plants, the purchase of wind turbines and cooperation in natural gas and renewable energy.

PPC's board was forced to stop a meeting to discuss a memorandum of understanding with RWE after unions blockaded company offices to protest at what they said is the first step in privatizing the former state monopoly.

"PPC will announce when it will meet to discuss the (RWE) memoranda when it sets the date," PPC said in a filing to the Athens bourse.

Unions have held strikes to protest against any potential deal and have said they will follow up with further 24-hour strikes.

PPC is seeking partners to help it make electricity production more efficient and greener by reducing the amount of lignite it uses to power its plants.

Unions, however, opposes the idea because lignite use allows PPC to keep electricity prices for consumers the lowest in the EU, and because it would involve job cuts.

Related News

Costa Rica hits record electricity generation from 99% renewable sources

Costa Rica Renewable Energy Record highlights 99.99% clean power in May 2019, driven by hydropower,…
View more

New Program Set to Fight for 'Electricity Future That Works for People and the Planet'

Energy Justice Program drives a renewables-based transition, challenging utility monopolies with legal action, promoting rooftop…
View more

Tariff Threats Boost Support for Canadian Energy Projects

Canadian Energy Infrastructure Tariffs are reshaping pipelines, deregulation, and energy independence, as U.S. trade tensions…
View more

Canada Faces Critical Crunch in Electrical Supply

Canada Electricity Supply Crunch underscores grid reliability risks, aging infrastructure, and rising demand, pushing upgrades…
View more

Study: US Power Grid Has More Blackouts Than ENTIRE Developed World

US Power Grid Blackouts highlight aging infrastructure, rising outages, and declining reliability per DOE and…
View more

For Hydro-Québec, selling to the United States means reinventing itself

Hydro-Quebec hydropower exports deliver low-carbon electricity to New England, sparking debate on greenhouse gas accounting,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.