French utility Electricità¯¿½e France (EdF) and two Greek companies said on Wednesday they had submitted a joint application to the Greek energy regulator for a power generation licence, according to a Reuters news report. EdF, Hellenic Energy and Development (HE&D) and Phosphoric Fertilizers Industry (PFI) said in a statement they planned to establish a 440 MW installed capacity power plant on PFI premises in Kavala, northern Greece.
Greece partly deregulated its electricity market on February 19, removing Greek Public Power Corp’s monopoly. It awarded six electrical power generation licences to five private groups in April after a recommendation by the country’s Energy Regulatory Authority (RAE).
The licences were awarded to Alfa Holdings, Terna-GEK , Mytilineos Group and Hellenic Petroleum. Enelco, a joint venture of Greece’s Kopelouzos Group with Italy’s Enel, got two licences.
EdF, the world’s third largest electricity company, said the move was in line with plans to expand activities abroad.
“EdF’s ambition is to extend its activities abroad, targeting for the year 2005 to generate half of total group revenue in operations abroad and new activities outside electricity in France,” the statement said.
HE&D, jointly owned by telecoms equipment maker Intracom and construction firms Hellenic Technodomiki and Aktor, operates as a natural gas and power projects development and investment company.
PFI owns and operates two industrial plants producing fertiliser and other chemical products, and has an extensive commercial distribution network.
Three leading Greek banks – National Bank, Commercial Bank and Alpha Bank – hold a majority stake in the company.