Greece seeks EU extension to complete coal plant sale Beijing Guohua shortlisted

Greece's energy minister recently said it hoped the European Commission would grace a month to ensure it could find a suitable buyer
for the sale of its coal-fired power plants by November.

Greek utility Public Power Corporation (PPC), a 51 percent government-owned state-owned enterprise, is selling three coal-fired power plants and one soon-to-be-built after the European Court of Justice ruled it abused its dominant position in the coal market
.

The utility has shortlisted all six investors interested in these plants and must receive binding bids and name priority bidders
by mid-October.

Energy Minister George Stathakis told reporters on Thursday that investors had asked for a one-month delay in submitting bids and said he hoped the European Commission, which oversees the tender, would approve their request
.

The six bidders are a consortium formed by Beijing Guohua Power Company and Greek local energy company Damco Energy, GEK TERNA, a Greek subsidiary of Italian Terna energy company, Greek aluminum producer Elval Halcor, Czech energy group Energeticky a Prumyslovy Holding, Czech Republic Indoverse Coal Investment and Greek metals and energy group Mytilineos
。