Wednesday, May 29, 2024
HomeOil & GasGreece inaugurates its last lignite-fired power plant
Powered by

Greece inaugurates its last lignite-fired power plant

Greece’s Prime Minister Kyriakos Mitsotakis inaugurated the Ptolemaida 5 lignite-fired power plant, the fifth coal-fired unit at the Ptolemaida power station, with a generating capacity of 660 megawatts (MW).

He recognised that it is a very important project for the country’s energy security and that “it will operate for many years to come, continuing to provide jobs.” At the same time, he acknowledged that the green transition is not a negotiable option and therefore the use of lignite will not last long.

Ptolemaida 5 is considered the most modern and efficient lignite unit available in Greece. Thanks to innovative technologies it can compete with other lignite power plants in terms of costs and CO2 emissions. More than 800 jobs will be created in the area and, after a trial period of three months, the plant will be integrated into the grid.

Western Macedonia is one of two lignite regions in Greece and the government has already committed to using the Just Transition Fund and the Recovery and Resilience Facility (RRF) to ensure a coal phase-out. According to the Prime Minister, over 4 billion euros of funds will be deployed to ensure the region’s transition, of which 1 billion euros will be for energy projects like the new natural gas pipeline, new district heating units and renewable power plants.

Sign up for our newsletters

    Monthly newsletter – Delivering the most important energy stories of the month selected by our Editor-in-chief
    Weekly Oil&Gas roundup - All major news about the oil and gas industry, LNG developments, the upscaling of new gases and related EU regulations arriving in your mailbox every Monday.
    Weekly Renewables&Climate roundup - All major news about investments in renewable energy sources, environment protection, green hydrogen and new innovative ways to tackle the climate crisis arriving in your mailbox every Tuesday.

    Most Popular