Release date: 11 October 2007
Promoter – Financial Intermediary
Public Power Corporation S. A. (PPC).
Location
Description
Construction of a new natural gas fired combined cycle power plant (370MW - 420 MW) at Aliveri.
Objectives
The new plant will replace the existing fuel-oil and lignite fired capacity, reducing thereby pollution, notably CO2 emissions, in relation to the existing plants that will be replaced. It will contribute to cover the demand for electricity in Greece by ensuring that the withdrawn capacity is replaced by the new capacity.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of investment cost
Total cost (Approximate amount)
Under appraisal.
Environmental aspects
The project falls under Annex I of EU Directive 97/11/EC, amending 85/337/EEC, which requires a formal Environmental Impact Assessment.
Procurement
The project falls under EU procurement Directive 2004/17/EC.
Status
Signed - 13/10/2008
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).