Negotiating the energy field

Negotiating the energy field

Athens, December 7, 2015/Independent Balkan News Agency

By Olga Mavrou

The Greek Government if obliged to discuss (among other hot topics in the agenda with its lenders) the privatisation of the electricity transmission operator ADMIE, a problem that seems difficult to solve, since Greece wants it to remain state owned up to a significant percentage.

The Government halted last February the sale of a 66%  stake in grid operator ADMIE, but finally (on August) agreed either to restart the tender or find other ways to open up the electricity market.

Greece wants ADMIE to remain in state hands as is the case in a majority of European countries and Energy Minister Panos Skourletis said today (Monday)   lenders had agreed to discuss an alternative plan – yet IMF sources consider the alternatives insufficient.

Athens needs to enact a solution before starting its first bailout review which would open the way for debt relief talks.

The lenders also want a strategic investor to take over the management of ADMIE.