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.
A new report from the International Energy Agency warns that most critical minerals for clean energy are now controlled by a few countries, especially China, risking supply disruptions and higher prices globally.
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A Vietnamese court has sentenced 23 officials and businesspeople for illegally exploiting and exporting rare earths from a northern mine, in a case the court called "especially serious."
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The bitter public feud between tech giants Elon Musk and Bill Gates has escalated, as Gates blames Musk for cutting off aid to vulnerable populations—while Musk counters by questioning Gates’ moral authority over his ties to convicted sex offender Jeffrey Epstein.
A new report from the International Energy Agency warns that most critical minerals for clean energy are now controlled by a few countries, especially China, risking supply disruptions and higher prices globally.
Saudi Arabia’s ambassador to Türkiye, Fahad bin Assaad Abu al-Nasr, and his wife, Rana Abdullah Bahamdan—chair of the Ankara Asia-Pacific Group—hosted a cultural event called “Tea Journey in Asia and the Pacific” on Wednesday to celebrate International Tea Day on May 21.
A Vietnamese court has sentenced 23 officials and businesspeople for illegally exploiting and exporting rare earths from a northern mine, in a case the court called "especially serious."
Hundreds of roof tiles fell from the Drum Tower in Fengyang County, Anhui province, China, narrowly missing visitors.
The bitter public feud between tech giants Elon Musk and Bill Gates has escalated, as Gates blames Musk for cutting off aid to vulnerable populations—while Musk counters by questioning Gates’ moral authority over his ties to convicted sex offender Jeffrey Epstein.
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Ukrainian President Volodymyr Zelenskyy met Turkish President Recep Tayyip Erdogan in Ankara on May 15, with discussions reportedly focusing on upcoming peace talks between Ukrainian and Russian delegates in Istanbul.
France has rejected India’s request to share source codes needed to integrate indigenous weapons into Rafale fighter jets. Despite repeated appeals, French manufacturer Dassault Aviation has refused to compromise on the issue
Ukrainian and Russian delegations meet behind closed doors at Istanbul’s Dolmabahçe Palace at 10:00 local time today to explore security guarantees, territorial integrity and a possible ceasefire.
The Tehran Dialogue Forum 2025, scheduled for May 18–19, will host 200 international guests, including 40 current and former European officials.
Amazon continues to set the benchmark in logistics and operational excellence through its sophisticated inventory management techniques, enabling it to maintain a competitive edge and deliver exceptional customer service at scale.
A new report from the International Energy Agency warns that most critical minerals for clean energy are now controlled by a few countries, especially China, risking supply disruptions and higher prices globally.
A Vietnamese court has sentenced 23 officials and businesspeople for illegally exploiting and exporting rare earths from a northern mine, in a case the court called "especially serious."
Hundreds of roof tiles fell from the Drum Tower in Fengyang County, Anhui province, China, narrowly missing visitors.
The bitter public feud between tech giants Elon Musk and Bill Gates has escalated, as Gates blames Musk for cutting off aid to vulnerable populations—while Musk counters by questioning Gates’ moral authority over his ties to convicted sex offender Jeffrey Epstein.
A new report from the International Energy Agency warns that most critical minerals for clean energy are now controlled by a few countries, especially China, risking supply disruptions and higher prices globally.
Saudi Arabia’s ambassador to Türkiye, Fahad bin Assaad Abu al-Nasr, and his wife, Rana Abdullah Bahamdan—chair of the Ankara Asia-Pacific Group—hosted a cultural event called “Tea Journey in Asia and the Pacific” on Wednesday to celebrate International Tea Day on May 21.
A Vietnamese court has sentenced 23 officials and businesspeople for illegally exploiting and exporting rare earths from a northern mine, in a case the court called "especially serious."
Hundreds of roof tiles fell from the Drum Tower in Fengyang County, Anhui province, China, narrowly missing visitors.
The bitter public feud between tech giants Elon Musk and Bill Gates has escalated, as Gates blames Musk for cutting off aid to vulnerable populations—while Musk counters by questioning Gates’ moral authority over his ties to convicted sex offender Jeffrey Epstein.
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