OT’s report, on Thursday, that Public Power Corp. (PPC) and natgas supplier Depa Commercial are eying directy participation in a new gas-fired power plant proposed by the Copelouzos group, were confirmed a day later.
According to a dispatch by Bloomberg, who cited a source close to project, talks are underway between the three parties for a new unit in northern Greece.
According to the news agency, “…if the plan materializes, Greece’s largest electricity producer (state-run PPC) will manage the new plant, that will also be able to run on hydrogen, while Depa and Copelouzos (Group) will also participate in the project,” Bloomberg quoted the source as saying.
The article also notes that while Greece isn’t expected to face power shortages in coming years, a proposed site for the new unit will be “strategically located” in order to be near to other Balkan countries to its north. Along those lines, the extreme northeast port city of Alexandroupolis was mentioned.
“Greek Prime Minister Kyriakos Mitsotakis in May inaugurated the construction of a floating LNG terminal off Alexandroupolis. From there, pipelines will send the fuel into the Greek network and on to consumers late next year. The facility will also be linked with other regional networks, such as the Trans Adriatic Pipeline and the soon-to-begin Greece-Bulgaria inter-connector,” Bloomberg added.
Latest News
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.