The development of a brand new pure fuel energy plant in Alexandroupolis, a key venture for the vitality safety of Greece and the broader Balkan area, was just lately introduced at an official launch ceremony, held within the presence of Prime Minister, Kyriakos Mitsotakis. The Alexandroupolis Energy Plant is being constructed by a three way partnership of Greece’s three main vitality teams – PPC, DEPA Industrial, and Damco Power of the Copelouzos Group. The Minister of Power of Greece, Kostas Skrekas, in addition to his emeritus from Bulgaria, Rosen Hristov, and Erik Holmgren, Financial Officer of U.S Embassy at Greece, additionally attended the ceremony.
The facility plant will likely be instantly linked to Gastrade’s FSRU, which is presently below building. Thus, Alexandroupolis is popping into an vitality junction of electrical energy and pure fuel networks, with the potential of supplying the home market and neighbouring international locations in Southeastern Europe.
The development and operation of the Alexandroupolis Energy Plant can even contribute to assembly the European Inexperienced Deal targets and the transition to low-emission vitality manufacturing. The tools that will likely be put in within the plant is appropriate for hydrogen combustion and may function with combined gas.
The brand new energy plant is predicted to be operational by the tip of 2025. It will likely be of mixed cycle sort and could have an put in capability of 840 MW, which is roughly the online capability of three lignite vegetation presently being decommissioned. As a consequence of its excessive effectivity, it should guarantee seamless electrical energy provide at low worth ranges.
The CEO of Copelouzos Group, Christos Copelouzos, famous: “We’re right here to welcome a venture that’s altering the vitality panorama: Greece is now shielded, it acquires vitality sufficiency. On the similar time, a brand new vitality pillar is being created for Southeastern Europe, as our nation will have the ability to export electrical energy to the neighbouring Balkan states; to Bulgaria, North Macedonia, and even Serbia.
“As a Group, we selected the placement of the plant right here in Alexandroupolis. In spite of everything, for years now we have been paying particular consideration to the broader Evros area, totally acknowledging its vital geostrategic place, and creating infrastructure, which, along with different tasks below implementation within the area, such because the ‘FSRU Alexandroupolis’, generate alternatives for the event of the native economic system and lots of new and everlasting jobs.
“With confidence in Greece and its folks, we at Copelouzos Group will proceed to develop tasks of ‘nationwide id’. These embrace investments which are being totally ready, similar to {the electrical} interconnection between Greece and Egypt and offshore wind farms. In the direction of a greater and extra sustainable future.”
The President and CEO of PPC, Georgios Stassis, added: “The brand new Alexandroupolis energy plant, the development of which we’re inaugurating right this moment, is the results of the artistic collaboration between the PPC Group and two vital companions, DEPA Industrial and the Copelouzos Group, with the goal to contribute to the consolidation of the nation’s function as a powerful and, why not, an exporting productive participant within the wider area of Southeastern Europe. As is well-known, clear vitality is on the coronary heart of our strategic planning.
“Provided that present applied sciences offering long-term storage of renewable vitality manufacturing are both at an experimental stage or very pricey, there isn’t a doubt that pure fuel has an vital function to play. New fuel vegetation should be versatile and as environment friendly as attainable and finally have the potential to be a part of a web zero vitality system utilizing clear fuels. similar to inexperienced hydrogen. On this context, our funding within the new mixed cycle plant in Alexandroupolis not solely follows our strategic targets however serves a good smoother transition. On the similar time, it should contribute to the nation’s vitality sufficiency, however can even additional consolidate the place of PPC as a key vitality companion within the wider area of Southeastern Europe.”
The Chairman of DEPA Industrial, Ioannis Papadopoulos, commented: “At this time is a crucial milestone, each for DEPA Industrial and the foremost vitality teams we joined forces with for the implementation of the funding, in addition to for Alexandroupolis, Greece, and Southeastern Europe. With the Alexandroupolis Pow-er Plant, Greece acquires one other essential venture that can contribute to the continual provide of more cost effective vitality. On the similar time, our nation additionally has a brand new gateway for the transition to inexperienced vitality, because the mixed cycle plant will steadiness the system, permitting larger penetration of RES within the vitality combine.”
Konstantinos Xifaras, CEO of DEPA Industrial, concluded: “At this time, we’re inaugurating a venture vital for the vitality safety of Greece and the broader Balkan area. It utilises pure fuel for the manufacturing of electrical energy and for us it represents the execution of the marketing strategy that now we have developed and are implementing since 2020, aiming to rework DEPA Industrial into an built-in vitality firm. The Alexandroupolis Energy Plant is a vital a part of our marketing strategy, which can permit us to cowl a wider vary of actions and make sure the vitality transition for DEPA Industrial.”
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