Greece Seeks Alternatives to Privatizing Grid Unit

Greece Seeks Alternatives to Privatizing Grid Unit

Greece will look to alternatives to privatizing its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis said. "We will follow the path of alternative, equivalent measures, as has been the case in other European countries," Skourletis, who took over as energy minister following a reshuffle last week, was quoted by Reuters as saying. As part of measures Greece agreed with its creditors to start talks on a new bailout deal, Athens has committed to selling ADMIE unless replacement measures that would also open up competition in the market can be found. ADMIE was one of a series of privatizations the leftist government of Alexis Tsipras halted after it came to power in January.

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