Greek Mytilineos Group announced its plans to build a new combined cycle gas-fired power plant, which is a significant change in the energy market landscape, dominated by retail developments and lignite-fired electricity production operated by Public Power Corporation (PPC).
This was announced by CEO of the Group’s subsidiary Protergia, Dinos Benroubi and also shows that one the major players in the Greek electricity market is steadily moving into post-lignite era, a strategy followed by many European energy companies after the adoption of EU measures against climate change. Mytilineos’ decision could also have negative impact on the forthcoming bailout-required sale of 40 % of PPC’s coal-fired units as it is evident that the Group is not planning to participate in the procedure.
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Tags: CHPP, construction, electricity, gas, Greece, Mytilineos, TPP