Published: February 12th, 2021,
Last updated: September 5th, 2023
State-owned energy company State Grid Corporation of China (SGCC) has filed a complaint with the European Commission after being barred from bidding for a stake in Greece’s utility Public Power Corporation (PPC) due to conflicts of interest, a Commission spokeswoman confirmed to China.Table. SGCC had been banned from bidding to buy a 49 percent stake in power distribution company DEDDIE/HEDNO, which is controlled by PPC. The basis for the exclusion was a potential conflict of interest, as SGCC already holds 24 percent of Greek power grid operator IPTO.