German utility RWE said yesterday it was keen on a cooperation deal with the biggest Greek power utility, Public Power Corporation (PPC), a day after a government official in Athens cast doubts on the deal.
An RWE spokesman said, “we are in talks with PPC about an operational cooperation, but not interested in taking a stake in PPC.”
A senior government official in Greece said on Sunday PPC was unlikely to get government approval for a partnership deal with RWE. RWE yesterday declined comment on that statement.
PPC is seeking partners to help it expand its power production activities in the Southeast European region, while RWE under its new chief executive Juergen Grossmann aims to invest in energy production abroad.