A new generation of power plants is being built by PPC and private groups of the energy market seeking to cover the adequacy gaps resulting from the energy crisis and the future retirement of lignite units.
In total, the majors of the domestic energy market are investing around 2 billion. euros and come to boost electricity production by over 4 GW. The units they are preparing will not only cover the energy needs of the domestic market but also of the neighboring states, which have a large power deficit.
The PPC – DEPA – Kopelouzos alliance
“PPC – DEPA Commercial – Damco Energy” is actively in the battle, seeking to take a strong position in the new landscape of electricity generation, which was announced just yesterday.
In the first quarter of 2023, construction work on the 840 MW natural gas power plant will begin. It will be built at the Alexandroupolis Polytechnic Institute. The permit was obtained by Damco Energy of the Kopelouzos group and as announced yesterday, PPC entered with 51% of the company “Alexandroupolis Power Generation“, DEPA Commercial with 29% and Damco retains 20%. The cost of the investment is estimated at around 400 million euros and the new unit that will also receive gas from the Alexandroupolis FSRU will be ready in 2025.
GEK TERNA – MOTOR OIL
The joint unit of GEK TERNA – MOTOR OIL with a capacity of 877 MW in Komotini will be able to operate a year earlier, than planned, in 2024. The Siemens Energy gas turbine was recently received and installed and work continues as normal. The plant will operate and generate electricity with natural gas and is located a stone’s throw from the ESFA and close to the IGB pipeline.
And this unit, like PPC – DEPA – Kopelouzo, is one of the most efficient in Greece. The amount of the investment reaches 375 million euros.
Mytileneos
Mytilineos’ new 826 MW power plant in Agios Nikolaos, Viotia, is almost ready.
The plant is in trial mode and will generate electricity with natural gas and is expected to be in normal operation in the first quarter of the new year. The investment amounts to 300 million euros. And this factory is considered one of the most efficient.
It will be the first of the new generation of power plants.
Elpedison
In January, Elpedison’s two partners, Helleniq Energy and Edison, are expected to make the investment decision for the construction of the 826 MW natural gas plant.
It is manufactured in Thessaloniki at Helleniq Energy’s refineries and Elpedison, with the FSRU it plans to develop outside the co-capital, intends to supply the new factory, among other things. The investment is estimated to exceed 400 million euros.
Ptolemais 5
In the first months of the new year, the last new lignite unit of PPC will be put into normal operation.
This concerns the Ptolemaida 5 plant with a power of 660 MW, which cost about 1 billion euros.
The new unit will provide additional security to the system.
Latest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted