New gas plant in Alexandropoulos opens strategic opportunities for Southeast Europe

Alexandropoulos becomes an important energy center, from where the new energy era will begin, for Greece, for the entire region, but also for the European Union. Recently, the representatives of PPC, “DEPA Commercial” and “Damco Energy” from the Kopelousos group, which are the founders of the Greek joint venture, which will build the power plant in Alexandropoulos, announced the start of operations for the realization of this project.

The new Alexandropoulos gas plant should be ready in 2025 and will have an installed capacity of 840 MW, and will receive gas directly from the floating gas station, the construction of which is underway. The construction of this gas station is ongoing, and the latest innovative technology for this type of infrastructure is being used during construction.

The new gas plant is much more than a new energy facility, with a significant installed capacity. We are working on a strategic project based on the latest technological solutions, which is part of a larger regional story.

Namely, the gas plant in Alexandropoulos is part of a project that should increase energy independence, and contribute to greater diversification of natural gas sources. In a word, it will allow non-Russian gas to reach the region and the European Union.

But this power plant, which will be connected to a floating gas station with a capacity of 5.5 million cubic meters, will be an energy center for electricity as well.

The new gas plant will have high energy efficiency, which will allow the produced electricity to be sold at a competitive price. Hence, the plant will mean not only greater energy independence for Greece, which is an import-dependent country in terms of electricity, but also a new regional player, especially in Southeast Europe.

Good infrastructural connectivity and the combination of transmission and grid systems for electricity are additional assets.

This strategic project is also significant in terms of fulfilling the Green Agreement and reducing CO2 emissions, and it will make a significant contribution to the energy transition.

The energy project in Alexandroupolis is a complex and very significant project, the realization of which has a significant geostrategic component. That is why this project is also supported by the countries in the region, and the patron is the USA. Neighboring countries that are also partners in this project will have their share in both the plant and the floating gas station in Alexandroupolis.

For example, North Macedonia will have a 25% share in the new gas plant, for which it will invest about 400 million euros, and 10% of the liquid gas station, where it will invest about 370 million euros. Bulgaria will also have its share.

It is a complex project, but its realization will really change the economic and energy map of the region. Of course, the strategic importance.

The war in Ukraine showed how important regional cooperation is, but even more important for stability is greater diversification of energy supply sources. Countries and markets that were dependent on only one source of gas were the most affected.

In that sense, this project not only has political significance, it also offers prerequisites for the development of the region and hence of the European Union.

The Greek companies that are part of the consortium that will build the plant are also working on the development of the interconnection with other regions, as well as with the offshore wind farms.