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    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