Greek gas supplier DEPA Commercial has announced a €600 million agreement to construct a 792 MW gas-fired power plant in Larissa, aiming to boost energy supply, create jobs, and reduce electricity prices amid the country’s green transition.
Greek gas provider DEPA Commercial revealed on Wednesday that it has signed an agreement to build a new gas-fired power plant in the central Greek city of Larissa. The project, valued at €600 million, will have a capacity of 792 megawatts (MW) and is expected to significantly contribute to the country’s energy production.
The new facility will be constructed in Larissa's industrial area using technology supplied by Mitsubishi Heavy Industries. The plant has already secured all necessary permits and is set to enhance energy security while supporting Greece’s shift away from coal.
The project is being carried out in partnership with Cyprus-based company Clavenia - owned by an Israeli real estate group - along with Greek firms Volton, an energy and telecom provider, and private equity group EUSIF Larissa.
"This is a new natural gas-fired electricity production unit. A unit that will create new jobs, strengthen competition and lead to lower electricity prices for consumers," said Greece’s Environment and Energy Minister Stavros Papastavrou.
While Greece has accelerated its investment in solar and wind power in recent years, natural gas remains an important part of the country’s energy mix. The new plant is expected to help stabilize electricity supply during the transition to renewable energy and ensure competitiveness in the domestic market.
Massive crowds are gathering in the streets of Tehran on Monday for the funeral procession of Iran's slain former supreme leader, Ali Khamenei, as ...
United States striker Folarin Balogun will be eligible to face Belgium in the World Cup round of 16 after FIFA suspended the implementation of his one...
England reached the World Cup quarter-finals with a dramatic 3-2 victory over co-hosts Mexico at Estadio Azteca on 5 July, overcoming a second-half re...
The 30 June edition of AnewZ's Daybreak explored the growing strategic importance of the Middle Corridor, focusing on Georgia's deepening partnership with Kazakhstan and the wider effort to strengthen connectivity between Europe, the South Caucasus and Central Asia.
The 30 June edition of AnewZ's Prime Time explored the fragile ceasefire between Iran and the U.S., as conflicting statements about possible talks in Doha fuelled uncertainty over the future of negotiations.
History rarely enters international politics in isolation. More often, it arrives accompanied by shifting alliances, changing strategic calculations and evolving national interests.
The 30 June edition of AnewZ's Context explored the regional implications of Israel's decision to recognise the events of 1915 in the Ottoman Empire as genocide, focusing on how the move has affected diplomatic dynamics between Türkiye, Israel, Azerbaijan and Armenia.
The death toll from Venezuela's devastating twin earthquakes has risen to 3,342, according to the country's information ministry, as rescue teams continue searching affected areas and survivors face an uncertain recovery.
Mexico's national football team has returned luxury Rolex watches gifted by American content creator Stevewilldoit after concerns that they could conflict with FIFA's ethics rules.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Two senior United Nations officials arrived in Kabul on Sunday to assess the needs of Afghan returnees, as Afghanistan's Ministry of Refugees and Repatriation said nearly six million people had returned since 2023.
Heavy monsoon rains triggered deadly landslides at Rohingya refugee camps in Bangladesh, killing at least eight people, including children, and forcing authorities to evacuate residents from high-risk areas early on Monday.
NATO leaders meet in Ankara this week at a pivotal moment for the Alliance. While Ukraine remains its foremost military challenge, Europe's rearmament, Middle East instability and pressure from U.S. President Donald Trump are reshaping NATO's priorities.
The United States has confirmed that a previously delayed troop rotation to Poland will resume within weeks, reassuring Warsaw after months of uncertainty over the future of the American military presence in the country.
Maritime trade between Iran and Qatar has resumed after a suspension of around five months, according to Iran's commercial attaché in Doha. Shipping between the two countries restarted following coordination between Iranian and Qatari authorities.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment