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GreeceinstitutionsPPCPublic Power CorporationEnvironment and Energy Minister George StathakisligniteGreece and institutions reach agreement on lignite and hydroelectric power, says minister
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Greece and the institutions on Wednesday reached an agreement on the auctions of lignite and hydroelectric power by Public Power Corporation (PPC) and the special charge to fund renewable energy sources.
The agreement was reached during a meeting of Environment and Energy Minister George Stathakis with the representatives of the institutions, while the issue of the privatization of DEPA will be discussed on a technical level with the aim to reach an agreement by Saturday.
Speaking to reporters after the meeting, Stathakis said all measures will be legislated in early June and said that a solution has been found on the issue of Hellenic Post’s debt to PPC (estimated to be around 50 million euros). The agreement of power auctions envisages a gradual reduction of lignite and hydroelectric quantities to be offered by PPC and the abolition of auctions by the end of 2019. These measures are related to the selling of the lignite units in Megalopoli and Florina by PPC, currently underway.
The agreement on charging suppliers for renewable energy sources envisages a gradual reduction of the charge by 2020 and its replacement with green certificates.
AMNA