Bloomberg News

Public Power’s Unions Plan Strikes Over Greek Competition Moves

November 20, 2011

Nov. 20 (Bloomberg) -- Public Power Corp. SA’s labor unions said they will hold 48-hour rolling strikes to protest government plans to open up lignite coal-fueled production at Greece’s largest electricity producer to competition.

Strike dates will be announced once the government specifies plans, including the sale of four lignite-power production plants, the Athens-based Genop union said in an e- mailed statement today.

Greece and the European Commission have “almost” completed talks on opening Public Power’s lignite-fueled capacity to competitors, Energy Minister George Papaconstantinou said Nov.15.

The European Commission, the European Central Bank and the International Monetary Fund said Oct. 20 that Greece should speed up measures aimed at giving access to Public Power’s capacity before the company is sold to investors next year.

--Editors: Mike Harrison, Dylan Griffiths

To contact the reporter on this story: Paul Tugwell in Athens at Ptugwell1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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