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ADMIE

Greece's Talks with Creditors Resume, Privatization Fund and Corruption First on Agenda

Negotiations on the second bailout program review between Greece and creditors resume Monday with the new privatization fund and corruption first on the agenda. The two sides will discuss the progress of the bailout program prerequisites with the Greek side...

Joint Italian Terna-F2i Bid for Stake in Greece's ADMIE

There is rumor that the Italian power grid company, Terna, along with the infrastructure fund F2i (Fondi Italiani per le Infrastrutture) will be making a joint bid to pick up the 24 percent stake the Greek grid operator ADMIE...

Power Utility Says Three Companies to Continue in ADMIE Tender

Power utility PPC announced that three companies out of four that expressed interest will continue in the tender for the sale of a 24 percent stake in power grid operator ADMIE. The companies are France’s RTE International (on behalf of...

Final 3 Tenders for Independent Power Transmission Operator

It's down to the final three in the bid for the soon-to-be privatized Independent Power Transmission Operator (ADMIE). Two companies from Europe along with one from China are what is left in the tender as the deadline for binding bids on...

Greece, Creditors Closer to Completion of Bailout Program Review

After four hours of negotiations with creditors' representatives late on Tuesday, Greece is coming close to the completion of the bailout program review. Only one issue remains open, with the Greek side hoping that it will be resolved soon. Specifically,...

'Red' Loans Management to Unsettle Greek Parliament

The hot issues of 'red' loans management and the privatization of the Independent Power Transmission Operator (ADMIE) will be tabled in Greek Parliament on Monday amid strong reactions from opposition parties. Large business loans and second home mortgages will be...

Thorny Issues Remain Unresolved in Greece-Creditors Negotiations

The opening of the energy market, the privatization fund and the management of bad loans are the issues stalling negotiations between Greece and creditors. The issues need to be resolved by Friday night at the latest, otherwise Athens will be...

Creditors Give Greece List of Prior Actions to be Completed by Friday

Greece's creditors gave Athens a list of 13 prior actions that must be legislated by December 15 in order to unlock 1 billion euros of further financial aid. The representatives of the four lenders - the European Commission, European Central...

Greece Has Little Time to Implement Seven Important Prior Actions

The Greek government is racing against time to resolve seven important issues that remain pending in order to legislate prior actions required by the bailout program. Specifically, the deadline for legislating these measures is December 13 so that Greece can...

Greek Energy Minister Asserts Greek Public Power Corporation Will Not Be Further Privatized

Greek Productive Reconstruction, Energy and Environment Minister Panos Skourletis addressed the future of Greece's state-owned utility company Public Power Corporation (DEI) and the future of energy in Greece, during an interview with realfm 97.8 radio station, on Monday. The Greek state currently...