The Commission has opened an in-depth investigation to discover whether an electricity tariff granted by the Greek state-owned Public Power Corporation to Aluminium of Greece was illegal under the State aid rules. The Commission had received complaints alleging that Greece had granted incompatible State aid to the aluminium production company, Aluminium of Greece, through several privileges such as tax exemptions, deferral of taxation obligations, loans with privileged terms and lower electricity prices.

The Commission will now examine whether electricity is supplied below the market price and will investigate allegations that the state-owned Public Gas Corporation paid the construction costs of a gas pipeline belonging to Aluminium of Greece.

IP/10/58 – 27 January 2010