Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...

Slovenia launches public consultation...

Slovenia will initiate a three-month public consultation on July 1 as part of...

Romania: R.Power appoints Nomad...

Polish renewable energy developer R.Power has selected Romanian firm Nomad Electric as the...

Hungary: U.S. lifts sanctions...

Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó has announced that the...
Supported byClarion Energy
HomeSEE Energy NewsSEE region: DEPA...

SEE region: DEPA Commercial to buy 35% stake in Albanian gas power plant

Greek gas company DEPA Commercial plans to acquire a 35 percent stake in Fier Thermoelectric SA, a company co-founded in September 2022 by the GEK TERNA group and Albania’s GENER2, for the development of a 174-MW gas-fueled power station in Roskovec, south-central Albania, the first of its kind in the neighboring country.

DEPA Commercial’s board has just approved the company’s entry into Fier Thermoelectric SA, a significant investment diversifying its portfolio.

As part of the agreement, DEPA Commercial has signed a long-term agreement for gas supply to the Roskovec power station.

This new power plant promises to enable Albania to significantly reduce electricity imports and manage the country’s growing energy demand with greater efficiency and flexibility.

DEPA Commercial is constantly expanding its activities as a modern, vertically integrated company, particularly in the power generation sector. Following our investments in photovoltaic projects with a total capacity of 815 MW, and our participation in an 840-MW power plant in Alexandroupoli, we are entering a new market, that of Albania, by participating in the country’s first thermal power plant. DEPA Commercial is emerging as one of the most dynamically growing energy companies in southeast Europe, steadily participating in and undertaking initiatives that contribute to the energy stability of the region, according to Konstantinos Xifaras, chief executive at DEPA Commercial.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Solar and wind energy trends: Record solar production in Iberia, mixed forecasts for Europe

During the week of June 23, solar photovoltaic (PV) energy production rose in both Italy and Spain compared to the previous week. Italy experienced the largest increase at 9.4%, while Spain saw a more modest rise of 0.6%, marking...

Slovenia launches public consultation for Krsko nuclear expansion as project gains momentum

Slovenia will initiate a three-month public consultation on July 1 as part of the spatial planning process for a new reactor unit at the existing Krsko Nuclear Power Plant. The Ministry of Natural Resources and Spatial Planning will release...

Romania: R.Power appoints Nomad Electric as contractor for 55 MW solar project

Polish renewable energy developer R.Power has selected Romanian firm Nomad Electric as the general contractor for its 55 MW solar power project in Romania. The contract, finalized through R.Power’s local subsidiary, includes all installation, civil works, and commissioning activities....
Supported byVirtu Energy
error: Content is protected !!