Greece’s Power Generator Tests Euro Fitness Amid Blackout Threat
This article is for subscribers only.
In the mountains of northern Greece lies an $800 million power plant whose future may help determine whether the country can salvage its euro status.
The facility near Florina, a town known as “Where Greece Begins,” is the most modern of four production units that state-controlled Public Power Corp. SA is scheduled to sell to competitors to meet four-year-old European Union demands that the country deregulate its energy market. The most powerful Greek union is now threatening nationwide blackouts at the height of the summer tourist season to derail the plan.