The construction of the most efficient power plant in Greece is entering the final stretch.
The plant in construction is the 877 MW Komotini CCGT which belongs to “Thermoelectric Komotini”, the joint company of GEK TERNA and MOTOR OIL and is expected to be put into operation in 2024. The two groups each own 50% of the subsidiary that will operate the plant.
The final phase of the construction was marked by the receipt and installation of the most basic part of the equipment of an electricity production unit, the gas turbine. The 9000HL gas turbine has been manufactured by Siemens Energy and was installed at the site of the plant under construction at the Komotini VIPE last week.
GEK TERNA, in a post on LinkedIn, announced the fact of the receipt and installation of the gas turbine, which is the cutting edge of this technology and gives the highest thermal efficiency to the new unit, reaching 64%. MOTOR OIL in the recent presentation of its strategic plan for its energy transition in 2030 has included the Komotini CCGT in its investments and characterizes the station as the most energy efficient in Greece.
Also read: Motor Oil announces acquisition of waste recycling, environmental provider Thalis
Projects
With a post on LinkedIn, the GEK TERNA group announces the following: “The reception, unloading, transport over a length of approximately 60 kilometers and its installation was completed with complete success, with the kind cooperation and support of the local agencies and services of the prefectures of Evros and Rhodope”.
TERNA, which is building the new CCGT project to carry the gas turbine, has carried out engineering and road clearances, road and Irish crossing improvements (points of the road that cross streams) as well as temporary bridge and engineering piers, which will remain available. of local communities.
Read also: GEK Terna group reports impressive Jan-Sep 2022 results
The Investment
The investment of the two companies for the new power station amounts to 377 million euros.
The plant’s CO2 emissions will be 75% lower than a lignite plant and its operation is expected in 2024.
Latest News
Europeche: Greek Apricot Production Recovers
Europeche forecasts the production will bounce back despite a slight decrease in varieties attributed to high winter temperatures
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction