Another international tender for Public Power Corp.’s (PPC) lignite-fired units (three power stations and a final license for the operation of a fourth) was declared null and void on Monday, a negative development for the debt-laden dominant electricity operator in Greece.
The ATHEX-listed utility’s board of directors will be briefed over the unsuccessful tender on Thursday.
Successive bailout memorandums and the Commission competition watchdog (DG Comp) have demanded a reduction in the state-run utility’s market share, in order to boost competition through energy sector liberalization.
