Reference: 20190291
Release date: 19 November 2019

Promoter – Financial Intermediary

MYTILINEOS SA

Location

Description

The project concerns the construction of an 826 MW natural gas fired combined cycle gas-turbine (CCGT) at Agios Nikolaos, Viotias, Greece.

Objectives

The new CCGT power plant will have a nominal capacity of 826MW.

Sector(s)

  • Energy - Electricity, gas, steam and air conditioning supply

Proposed EIB finance (Approximate amount)

EUR 125 million

Total cost (Approximate amount)

EUR 322 million

Environmental aspects

An Environmental Impact Assessment (EIA) has been completed for the plant and the Environmental Permits have been approved by the Competent Authorities. The promoter has indicated that no E&S issues or concerns have arisen during public consultation period. Emissions from the plant will be in line with the relevant EU directive requirements.

Procurement

The promoter is an operator in the private sector in the sense of the EIB's Guide to Procurement. The project will be implemented by the promoter's Engineering, Procurement, Construction (EPC) business unit. The main equipment supply has been competitively tendered and has been awarded to a leading equipment supplier.

Status

Signed - 21/07/2020

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).

Related tags

Greece Energy