Copelouzos to begin development of Alexandroupoli power plant

The Copelouzos group’s Damco Energy plans to soon start developing a combined cycle power station in northeastern Greece’s Alexandroupoli area with support from a major foreign energy company, not yet named, energypress sources have informed.

RAE, the Regulatory Authority for Energy, granted a license for the project just days ago. The Copelouzos group submitted its application in December.

The facility is planned to be linked to the prospective Alexandroupoli FSRU by a company-owned gas pipeline, meaning Damco Energy will avoid transmission costs as the gas grid operator DESFA’s network will not be needed. This should offer the power station a competitive advantage.

Though planned as separate projects, the Alexandroupoli FSRU, an LNG terminal, and the Damco Energy power plant promise to establish synergies as one unit will support the other.

The power plant’s operating costs and production capacity, planned to offer 662 MW over a 35-year period, promise to offer grid dispatch advantages, a related study conducted by the Copelouzos group has shown.

The project is seen contributing to Greece’s wider decarbonization effort and the intermediary role to be played by natural gas in electricity generation until renewable energy sources can fully take over.

The Copelouzos group plans to complete the combined cycle power station’s development in 27 months, while its commercial launch is expected early in the second quarter of 2022, following testing.

 

 

Energy authorities to gather at Alexandroupoli forum

The American-Hellenic Chamber of Commerce, supported by the Hellenic Association for Energy Economics (HAEE), is holding its 1st Oil & Gas Forum on September 7 in Alexandroupoli, northeastern Greece, at the Ramada Plaza Thraki Hotel.

With rising global energy demand, the oil and gas industry in Greece has a wide range of challenges to face and opportunities to seize, the organizers noted, adding that the forum will bring together key policy makers, regulators, top market players, financiers, academics and experts to present and discuss unique insights in and observations on up-to-date topics in the dynamic energy field in Greece and the wider region.

Greek Minister of Environment & Energy Giorgos Stathakis as well as the US Ambassador to Greece Geoffrey R. Pyatt have already confirmed their participation at the event as keynote speakers.

Other confirmed appearances include Serbia’s mining and energy minister Aleksandar Antic and Bulgarian energy minister Temenuzhka Petkova, the organizers announced.

The conference will cover the following areas: global trends in the energy sector and geopolitics; understanding relationships between energy geopolitics and energy markets; the oil & gas potential of Greece, including challenges and perspectives; the role of pricing in the sector’s evolution; the future of oil and gas drillings in Greece; the role of Greece in the global gas and LNG market; new interconnections and terminals; gas pipelines and regional challenges in southeast Europe; energy project financing; and regional alliances and cooperations.

During the conference, diverse thoughts, ideas and best practices will be presented on how Greece could become a major energy hub for Europe and how it can best exploit its geographical advantage and energy resources for achieving this goal, the organizers noted.

For further information:

American-Hellenic Chamber of Commerce

Frosso Paneta  Tel.: 210 6993559 ext.27 Email: f.paneta@amcham.gr

Sophia Chaidogiannou  Tel.: 210 6993559 ext. 26 Email.: s.xaidogiannou@amcham.gr

Hellenic Association for Energy Economics (HAEE)

Constantina Zervou Tel.: 211 71 56 168, Email.: k.zervou@haee.gr