Elvalhalcor, the Hellenic Copper and Aluminium Industry, is pushing ahead with an investment plan for a combined-cycle, natural gas-fueled power station, despite having made relatively slower progress than other investors behind such projects.
The industrial producer is moving ahead with the project’s licensing procedure and soon expects to submit an environmental impact study that would fulfil, to a great extent, the number of approvals needed ahead of an investment decision, sources informed.
Despite having made relatively slow progress on this project, Elvalhalcor remains convinced of its feasibility.
Last month, Elvalhalcor submitted an application to RAE, the Regulatory Authority for Energy, requesting an upward capacity revision of the project’s production license, to 651 MW from 566 MW.
This capacity increase request has been attributed to an agreement reached by Elvalhalcor with a construction company for the development of the power station.
The facility is planned for development on an Elvalhalcor-owned plot of land in Thisvi, Viotia, slightly northwest of Athens.