Greece To Build Gas-fired Power Plant at Alexandroupolis

Greece announced on Saturday the construction of a gas-fired power plant in the northern port town of Alexandroupolis.

Alexandroupolis plays a key geopolitical, energy, and development role and will continue to do so, Greek Prime Minister Kyriakos Mitsotakis said at the inauguration of the project.

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%).

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

The unit will cost 400 million euros ($434 million) and will employ 800 staff. It is expected to be operational in 32 months.