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    Signature(s)

    Amount
    € 280,000,000
    Countries
    Sector(s)
    Greece : € 280,000,000
    Energy : € 280,000,000
    Signature date(s)
    23/11/2012 : € 130,000,000
    14/07/2011 : € 150,000,000

    Summary sheet

    Release date
    22 June 2010
    Status
    Reference
    Signed | 14/07/2011
    20100133
    Project name
    Promoter - financial intermediary
    PPC Megalopolis Power Plant

    Public Power Corporation S.A.

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Under appraisal.
    Under appraisal.
    Location
    Sector(s)
    Description
    Objectives

    The Project consists of a combined cycle gas turbine (CCGT) power station with a maximum continuous rating of 832 MWe, to be constructed adjacent to unit no. 4 at the existing power station in central Peloponnesus, Greece.

    The project will install modern gas-fired power generation technology with high electrical generation efficiency and a relatively low environmental impact. The new generating capacity provided will contribute to stabilising the transmission network in the South Western region of Greece, meeting future growth in electricity demand and to replacing existing lignite, heavy fuel oil and gas power stations that are scheduled to be decommissioned.

    Environmental aspects
    Procurement

    Due to its capacity (plant over 300 MWth), the project is subject to Annex 1 of the EIA Directive (85/337/EC and amendments) and is required to undergo a full Environmental Impact Assessment. The promoter has confirmed that an Environmental Impact Assessment has been carried out in December 2008 and that the ministries and competent authorities have formulated a positive opinion on the project. The publication of the decision is expected in the near future.

    As a state owned entity, the promoter is a public undertaking in the sense of the Art. 2.1(b) of the Utilities Directive 2004/17/EC. The turnkey EPC tender was announced in the OJEU in April 2008 – publication reference is 2008/S 76-103222 / 18-4-2008.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

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