Public Power Corporation (PPC) S.A, DEPA Commercial, and Damco Energy of the Copelouzos Group have signed an agreement for the purchase by PPC of a 51 pct share of ‘Electroparagogi Alexandroupolis Monoprosopi SA’, a company planning to build and operate an 840 MW gas-fuelled power plant in Alexandroupolis, according to a press release on Thursday. DEPA Commercial will buy out 29 pct of the same firm while Damco Energy will retain a 20 pct share.
The plant is billed as the most efficient in the country, with an efficiency rate of 63 pct, and can get natural gas directly from the FSRU in Alexandroupolis, while it is strategically positioned near the IGB pipeline and linked to the Nea Santa high voltage substation, which is ideally placed for electricity exports to neighboring countries.
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