vate investors: this is the plan of Greece’s
Environment and Energy Ministry for dealing with
the country’s lenders expected demands for
either the privatization of the Public Power
Corporation or the sale of power stations.
Reportedly, the Minister for the Environment and
Energy, Panos Skourletis has given PPC’s man-
agement the go-ahead to canvass the intentions
of both domestic private power generators and
foreign groups concerning the formation of joint
ventures. According to the “Skourletis plan”, the
Public Power Corporation will contribute (lignite or
hydroelectric) power stations and lignite reserves
to a company jointly formed with a private under-
taking. The latter will be also able to construct a
new station, or contribute an existing one to the
joint venture, thus leading to the creation of a
“small PPC.” Moreover, the PPC will also be able,
ties at the Sangachal terminal on the coast of
the Caspian Sea in Azerbaijan.
• Three pipeline construction projects:
•The South Caucasus Pipeline Expansion
(SCPX) — Azerbaijan, Georgia
•The Trans Anatolian Pipeline (TANAP) —
Turkey
•The Trans Adriatic Pipeline (TAP) — Greece,
Albania, Italy
• The extension of the Italian gas transmission
system.
• Capacity for further interconnection with natu-
ral gas networks in South-eastern, Central,
and Western Europe.
Public Power Corporation
A “small PPC” or even two “small PPCs”, as a
partnership between the incumbent utility and pri-
Trade with Greece
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