PPC΄s Plan To Exchange Energy On Review

The proposed exchange of energy between Public Power Corporation and foreign companies is expected to be examined in the coming weeks, according to a statement. Additionally, the corporation will begin negotiations with the interested companies to participate in the so-called swaps.

The pilot programme’s aims to determine if there are any companies really interested in participating in exchange of energy, which should reach 40% of the lignite power of PPC at the end of 2013.

The process of market test is the final test for the approval of the agreement.

Swaps appear to be a counterweight to the proposal of granting lignite deposits in Elassona, Drama and Vegora or the sale of 40% of PPC΄s lignite, according to the decision of the European Competition Commission.

Sources note that if market test fails or proves to be dysfunctional, the EU will press again for the granting of mining plants.








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