The Larissa CCGT Power Plant is 660MW gas fired power project. It is planned in Thessaly, Greece. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2022 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 660 | – | 660 | Permitting | Thessaly, Greece | Karatzis |
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Description
The project is being developed and currently owned by Karatzis.
It is a combined cycle gas turbine (ccgt) power plant.
The project cost is expected to be around $434.962m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About Karatzis
Karatzis S.A (Karatzis) is engaged in the manufacturing of netting materials for the packaging for food, agriculture and horticulture and, industrial packaging sectors. It offers a variety of products including raschel bags, crop bailing, tabular nets, pallet netwrap, Christmas tree netting, display packaging, meat processing, decoration nets, shade nets and construction nets. In addition, the company is involved in the development of solar parks and tourism. The company operates in Germany, Greece and Spain. Karatzis is headquartered in Heraklion, Greece.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
