PPC

PPC’s BoD approved yesterday the divestment procedure of the lignite-fired power plants that are up for sale via an international tender. Specifically the 2 operating units of Megalopolis  with a total capacity of 500 MW and the Melitis unit with a nominal capacity of 290 MW together with a license for a new 450 MW plant will be transferred to two separate holdings. Reportedly (Naftemporki), the timetable of the sales procedure is the following: a) 31  May: Announcement  of invitation  for expression of interest, b) 21 June: Submission of non-binding offers, c) 3 July: Selection of investors qualified for the next phase, d) 1 October: Submission of binding offers, e) 17 October: Announcement of the preferred bidder. Finally, according to Kathimerini, the terms of the invitation for expression of interest does not provide for any conditions for participating in the tender, such as previous activity in production and supply of electrical energy.

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