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Greece seeks to recoup €2.4 billion in unpaid energy bills

Staff Writer |
The Greek Public Power Corporation (DEH) is planning to hire a consortium of eight companies in order to settle unpaid energy bills which currently add up to €2.4 billion ($2.7 billion).

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Greek media reported that within the consortium is included a company which specializes in debt collection management whose CEO is Orestis Tsakalotos, a relative of Greek Finance Minister Euclid Tsakalotos.

DEH on Monday said the penalty for debtors who delay payment will rise to 7.25 percent of their total arrears while a six-percent penalty will be levied on bills which go unpaid by state entities.

The budget for the proposal is €12 million ($13.8 million) and it is foreseen that the contractors’ remuneration will be set as a percentage of the debt collected.

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