Public Power Corp says coal plants sale fails to attract any bids

PPC said that it plans to call the tender inconclusive
Public Power Corp says coal plants sale fails to attract any bids ATHENS: Greece's electricity utility PPC said on Monday it has received no binding bids for three coal-fired plants it is selling as part of reforms Athens has agreed with its lenders to help open up its electricity market.

After an inconclusive tender in February, PPC, which is 51 percent owned by the state, has relaunched the sale and has received six expressions of interest. The latest deadline for the submission of binding bids expired earlier on Monday.

PPC said that it plans to call the tender inconclusive.