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ENERGY: EDISON; EU OKS JV WITH HELLENIC PETROLEUM
(ANSAmed) - BRUSSELS, AUGUST 28 - The EU Commission gave the green light to the joint venture company between Italian group Edison and Greek Hellenic Petroleum on the Greek market of the generation and wholesale supply of electricity. The operation, according to the European Antitrust authority, ''does not hinder significantly the actual competition in the European economic environment''. In particular, the services of the EU Commissioner for competition, Neelie Kroes, remarked that ''all the overlaps between the activities of Edison and Hellenic Petroleum are limited, and that the market share of the joint venture would not be significant compared to the current total generation capacity in Greece''. The target of the new company is to generate a production capacity of over 1,500 MW, equal to 12% of the production on the Greek market. The joint venture would thus become the second electricity operator in Greece. (ANSAmed).