The Greek government is working to create new power companies through joint ventures between the Greek Public Power Corporation (DEI) and private firms. This comes following an effort that will avoid having to sell off any production units.
A report in Greek newspaper “Ta Nea” suggests that the initiative has come in response to a provision in the bailout provision the Greek state under which it’s obligated to reduce its shares in DEI to 50 percent by 2020.
According to the plan, DEI will provide at least two production units, one based coal-based and one based on hydroelectric power, while the private investor will contribute its existing units plus funding. Private investors would control majority stakes in the new joint ventures.
