Greek gas supplier DEPA signs deal to build power plant in Larissa
Greek gas supplier DEPA Commercial has signed an agreement for a €600-MM ($680 MM) project to build a gas-fired power plant in Larissa, Greece, it said on Wednesday.
Cyprus-based company Clavenia, which is owned by an Israeli real estate group, and two Greek companies, energy and telecommunications provider Volton and private equity EUSIF Larissa, will participate in the project.
The 792-MW power plant has received all necessary permits and will be built in the industrial area of Larissa, in the central part of the country, DEPA said in the statement
It will be built with Mitsubishi Heavy Industries technology.
"This is a new natural gas-fired electricity production unit. A unit that will create new jobs, strengthen competition and lead to lower electricity prices for consumers," Greece's Minister for Environment and Energy Stavros Papastavrou said.
Greece has ramped up renewables output from sun and wind for power generation as it aims to shut down all its coal-fired plants by next year. It still, however, relies heavily on gas imports for electricity.
($1 = €0.8820)
Related News
- HORIBA’s gas and liquid analysis and measurement instruments adopted for INPEX’s Blue Hydrogen and Ammonia Production and Usage Demonstration Project
- Opinion: The future of the energy transition will be fractured, bumpy and long
- Convertus receives provincial funding for waste-to-renewable gas plant in Ontario
Related News
- Panama Canal engages industry players for the development of a natural gas pipeline
- Digital Exclusive: Carbon critical—How filtration adds value in CCUS systems
- Sempra sells $10-B infrastructure stake, greenlights Port Arthur LNG Phase 2
- 236-mile Texas-to-Gulf pipeline reaches FID in $2.3-B LNG expansion push
- Bechtel shares findings of tragic accident at Port Arthur LNG facility
Comments