The prime minister went on to announce upcoming legislation to generate power using natural gas and the deregulation of the natgas market. He stressed that the 17 percent stake in the PPC that the government intends to sell "is not measured with strictly fiscal indices, nor are we talking about bargain prices".
"We are not relinquishing control but seeking strategic alliances for the country," Papandreou added, inviting PPC trade unionists to support the government's plans.
Karatzaferis on his part, insisted that relinquishing the state's majority share would be unwise and pointed out that the entry of private investors in other countries had led to a tripling of electricity rates.
He also urged the prime minister to act seriously and not under pressure, which would lead to a sell-off, noting that it had taken Greece 60 years to build the PPC and at great cost.