Romania: Hidroelectrica signs €20M...

Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to...

Greece: EIB approves €25.9...

The European Investment Bank (EIB) has approved a green financing package of €25.9...

Greece and Egypt sign...

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation...

Bulgaria: Alexandroupoli LNG terminal...

The liquefied natural gas (LNG) terminal in Alexandroupoli, Greece, is preparing to increase...
Supported byClarion Energy
HomeSEE Energy NewsGreece, PPC, DEPA...

Greece, PPC, DEPA and Damco Energy signed deal on the construction of Alexandroupoli gas-fired plant

Public Power Corporation (PPC), DEPA Trade and Damco Energy (part of the Copelouzos Group) have signed an agreement for the purchase of a 51 % share by PPC in Electroparagogi Alexandroupolis Monoprosopi, a company planning to build and operate an 840 MW gas-fired power plant in Alexandroupoli.

At the same time, DEPA Trade will acquire 29 % stake, while Damco Energy will retain a 20 % stake in the company. Construction of the new plant is planned to begin in the first quarter of 2023 and to be completed in 2025.

The plant is set to be the most efficient in the country, with an efficiency rate of 63 %, and will be able to get natural gas directly from the FSRU in Alexandroupoli, while it is strategically positioned near the IGB pipeline and linked to the Nea Santa high-voltage substation, which is ideally placed for electricity exports to neighboring countries.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Romania: Hidroelectrica signs €20M maintenance deal with Vestas for Crucea Nord wind farm and plans 36 MW battery storage integration

Hidroelectrica has selected the local subsidiary of Danish wind turbine manufacturer Vestas to handle maintenance for the wind turbines at the Crucea Nord wind farm. The five-year agreement, valued at €20 million before VAT, covers full upkeep of the...

Greece: EIB approves €25.9 million green financing for Iberdrola’s Gatza wind farm

The European Investment Bank (EIB) has approved a green financing package of €25.9 million to support the construction of a new wind farm in central Greece by Spanish energy company Iberdrola. The Gatza wind farm will be situated across the...

Greece and Egypt sign MoU to advance GREGY subsea electricity interconnection project

Greece’s and Egypt’s electricity transmission system operators, ADMIE and EETC, have formalized cooperation with ELICA, a subsidiary of the Copelouzos Group, through a newly signed Memorandum of Understanding (MoU) on the GREGY project. The agreement advances the GREGY electricity interconnection...
Supported byVirtu Energy
error: Content is protected !!