Greece to build gas-fired power plant near Alexandroupolis 

The unit will have a capacity of 840 MW and be built jointly by the Public Power Corporation (51%), DEPA Commercial (29%), and Kopelouzos Group (20%), reports AMNA.

It will increase our capacity to produce electricity, reducing electricity imports but mostly increasing exports. Our ambition is to become an energy security producer for our neighbors in the Balkans

Kyriakos Mitsotakis, Greek Prime Minister

The unit will cost 400,000,000 euros and will employ 800 people. Gradually it will hire 100 managers. It is expected to be operational in 32 months. Along with the Floating Storage and Regasification Unit expected to be ready in 2024.

The new unit will be constructed at a strategic point (Alexandroupolis Industrial Area) where several natural gas infrastructural works and international power connector networks meet. It will connect to the Ultra-High Voltage Center of IPTO (Independent Power Transmission Operator) of Greece at Nea Santa, where the second Bulgaria-Greece line ends up (Nea Santa-Maritsa East), a European project that will raise both countries’ transmission capacity to 1400 MW (from Greece to Bulgaria) and 1700 MW (from Bulgaria to Greece).

According to data released so far the unit is expected to have a 63% efficiency rating which means lower cost and fuel consumption as well as lower carbon dioxide emissions.

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