Greece to seek alternatives to privatising grid unit: Energy minister

Newly appointed Energy Minister Panos Skourletis.
Newly appointed Energy Minister Panos Skourletis. PHOTO: REUTERS

ATHENS (REUTERS) - Greece will look to alternatives to privatising its power grid operator ADMIE as part of a new bailout deal with its lenders, Energy Minister Panos Skourletis told the weekly Agora newspaper in an interview published on Saturday.

"We will follow the path of alternative, equivalent measures, as has been the case in other European countries,"said Skourletis, who took over as energy minister following a reshuffle last week.

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 privatisations the leftist government of Alexis Tsipras halted after it came to power in January.