A power utility PPC investment plan entailing the development of a 665-MW gas-fueled power station in the industrial zone of Komotini, northeastern Greece has been granted a license by RAE, the Regulatory Authority for Energy, adding to the list of licensed projects to serve as a bridge in the country’s energy transition until the renewable energy sector fully prevails.
The project linked to this latest license, given a 35-year duration, is scheduled to be launched in December, 2024.
RAE has now granted five licenses to an assortment of companies for such investment plans, though not all will necessarily be developed.
An 826-MW gas-fueled power station being developed by Mytilineos in Viotia, slightly northwest of Athens, set to be launched at the end of this year, is the most advanced of these investment plans.
The maturity levels vary for other projects in terms of environmental licensing and other procedural matters. These include a 665-MW unit planned by Terna, also in Komotini; an 826-MW project planned by Elpedison in Thessaloniki; and an 830-MW facility planned by the Copelouzos Group’s Damco in Alexandroupoli, northeastern Greece.
Also, the power utility is expected to reach a decision on converting its prospective Ptolemaida V lignite-fired power station into a gas-fueled facility.