ed that: “In any case, by 2020 no undertaking will
be able to produce or import, directly or indirectly,
more than 50% of total electricity produced and
imported in Greece.”
Moreover, Greece must comply with EU legisla-
tion, according to which the country must enable
third-party access to lignite and hydroelectric
capacity — a cheap supply advantage, exclusive-
ly enjoyed by the incumbent.
This is why the ND-PASOK government had leg-
islated the unbundling of the PPC into a “small
PPC”, endowed with a basket of lignite-fired and
hydro stations. Moreover, the current government
has pledged to conduct lignite and hydroelectric
power auctions (based on France’s NOME
model), so that, for a transitional period, inde-
pendent suppliers will be able to purchase cheap
PPC power and thus also offer competitive prices.
always according to the Minister’s plan, to strike a
similar deal with a second private generator.
Associates of the Environment and Energy
Minister insist that the sale of PPC units is out of
the question, albeit the incumbent will be able to
join a joint venture by acquiring a stake and by
contributing one or more power stations. “This
plan has nothing to do with the law on the
unbundling of the PPC through the sale of sta-
tions, which had been passed by the ND-PASOK
government” claim the same circles, adding that:
“This way, the market share of the Public Power
Corporation is reduced, competition is enhanced,
and the PPC becomes extrovert.”
It should be noted that the agreement between
the government and Greece’s lenders provides
for the reduction of PPC’s market share to less
than 50% by 2020. More specifically, it is stipulat-
Trade with Greece
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