Greece's electric utility Public Power Corporation SA, or PPC, has pushed back the bid deadline for the sale of three coal-fired power plants because of upcoming elections, Reuters reported.
The bid deadline has been extended to July 15, Reuters reported, citing a PPC filing with the Athens Stock Exchange. The original deadline to sell the coal plants under a post-bailout agreement was May 28. Six investors have expressed interest in purchasing the assets and a license to develop a new plant in the northern part of the country.
The interested investors are identified as Beijing Guohua and Damco Energy SA, China Western Power Industrial Co. Ltd., Sev.en Energy AG and Indoverse Coal Investments, GEK TERNA Holdings Real Estate Construction SA, ElvalChalkor and Mytilineos Holdings SA.
The state holds a 51% stake in PPC.