Environment minister on PPC issue

Environment and Climatic Change Minister George Papaconstantinou reiterated the government's decision to proceed with the further privatisation of the Public Power Corporation (PPC) by 17 percent, ruling out at the same time it taking place through the stock exchange since, as he said, it does not respond neither to the real nor the potential value of the corporation.
"The swaps by themselves cannot solve the problem, for this reason the ministry is orientated towards a combined solution with the seeking of a strategic investor and the sale of subsidiaries," the minister said during the discussion of the bill on the deregulation of the energy market at the relevant Parliamentary Committee.
In parallel, the Environment minister clarified that this discussion is not immediate, since a series of things have to be secured first, regarding both the implementation of the country's commitments based on the medium-term programme and continuing to have a strong business in a new environment with clear terms.
He added that the discussion on the lignites with the European Commission is under way and the negotiation is expected to be completed next week.
In favour of the principle of the bill were the ruling PASOK party and the main opposition New Democracy (ND) party, while the Communist Party of Greece (KKE) and the Radical Left Coalition (SYRIZA) declared themselves totally opposed to the new arrangements, while the Popular Orthodox Rally party (LAOS) reserved its position for the Plenum.

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