Greece’s upcoming combined cycle gas turbine power plant in Larissa, valued at nearly €600 million, is drawing strong competition from three major Greek groups and one foreign bidder. The project is being developed by the Greek-Israeli consortium DEPA-Clavenia.
Tender documents, covering procurement, construction, and commissioning, were issued at the end of July, with final bids due by 15 September following a brief ten-day extension.
The consortium comprises Israeli company Clavenia (38.5%), Greek gas utility DEPA (35%), Eusif Larissa/Sirec Energy (16.5%), and Volton (10%). The plant, with an output of 750–875 MW, will be one of the largest combined heat and power units in southeastern Europe. Construction is scheduled for completion by late 2028, with total investment slightly below €600 million.
