Release date: 19 November 2019
Promoter – Financial Intermediary
MYTILINEOS SALocation
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 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).