(ANSAmed) - ATHENS, APRIL 27 - Greece's energy industry needs
emergency lending because the country is at risk of supply
disruption, as Bloomberg reported quoting a survey by the energy
regulator. Greece should provide at least 350 million euros of
emergency loans to the energy distribution companies by the end
of the month, PricewaterhouseCoopers LLP's Greek unit said in a
report for the Regulatory Authority for Energy (RAE), according
to a summary posted on the regulator's website. "All of the
players in the electricity market supply chain face significant
funding problems," PwC said in the report's summary published by
daily Kathimerini. "Additional delays in cash flow, however
marginal, at any stage of the chain will have a significant
impact on the country's supply." Some of the emergency loans to
the industry, which can be repaid in 2013 through the sale of
carbon emission permits, should be channeled toward the Public
Gas Corporation (DEPA), according to the report. "It is a fact
that the energy market faces liquidity problems, just like other
sectors, which are a result of the more general problems the
Greek economy now faces," Energy Minister Giorgos
Papaconstantinou said in a statement. (ANSAmed).
