Greek state-owned power utility Public Power Corporation (PPC) has extended the deadline for binding bids for three coal-fired power plants until the beginning of February 2019, in order to give investors more time to review data on the future sale. The deadline has been repeatedly pushed back since the tender was launched in 2018.
In total, three coal-fired power plants corresponding to 40% of PPC's coal-fired capacity will be available for sale along with a license for the construction of a fourth one. The divestment is part of Greece’s international bailout agreement, after an European Union Court ruled that PPC had abused its dominant position in the domestic coal market.
In July 2018, PPC shortlisted six companies, namely GEK-Terna, Mytilineos, Elvalhalkor, a joint venture of Beijing Guohua power Company and Damco, and two Czech companies, namely Energeticky Prumyslovy Holdings (EPH) and Indoverse Coal Investments.
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