Greece’s Copelouzos Group has signed contracts for the implementation of a gas-fired combined-cycle power plant planned for the eastern Greek port of Alexandroupolis where an offshore LNG import terminal is planned.
Copelouzos said the contracts were for the supply and the long-term maintenance of the main equipment for the 840-megawatts facility being developed along with Greece’s Damco Energy SA and General Electric of the US.
The floating LNG terminal is a separate project from the onshore power plant and is being developed by Greek company Gastrade.
The Alexandroupolis LNG floating storage and regasification unit will have storage capacity of 170,000 cubic metres and regasification capacity of at least 5.5 billion cubic metres of natural gas per annum.
The FSRU will be moored in an offshore area about 17.6 kilometres southwest of the port of Alexandroupolis.
The floating unit will be connected to the Greek National Natural Gas Transmission grid through a pipeline system of a total length of 28km.
Copelouzos said that for its power plant project the company subsidiary Ilektroparagogi Alexandroupolis SA will be responsible for the implementation of the investment and construction will start before the end of 2021 and be completed by the spring of 2024.
Copelouzos added that the building of the gas-fired plant would strengthen the local economy as well as when operation start.
“During the construction 600 people are going to be employed, while it is estimated that 90 permanent job positions will be created during the whole lifetime of the project,” explained Copelouzos.
“In addition, and in conjunction the other projects of the Copelouzos Group, the unit will make the area of Alexandroupolis an energy hub, a fact that will attract further investments and result in economic growth and prosperity of the greater area,” it stated.
