Skourletis rules out privatisation of ADMIE power grid operator

Gazzetta team 28 Ιουλίου 2015 - 17:41

Productive Reconstruction, Environment and Energy Minister Panos Skourletis on Tuesday ruled out the privatisation of Greece's Independent Power Transmission Operator (ADMIE) and stressed that the company will remain under state control, ensuring equal access to all energy producers.

Negotiations between Skourletis' ministry and representatives of the creditor institutions (European Commission, European Central Bank, International Monetary Fund and European Stability Mechanism) are due to begin on Wednesday and chiefly focus on ADMIE's privatisation and other energy market issues.

Based on the Euro Summit decision, ADMIE must either be privatised or alternative measures found that have an equivalent result for competition.

In statements after meeting the leadership of the Hellenic Federation of Enterprises (SEV), Skourletis said developments were leading to elections within the year, once an agreement with Greece's EU partners was signed. He also denied the existence of a 'Drachma Plan' within the government, at least on a collective policy level.