Current affairs - 15.12.2004

Construction of new power generation unit by PPC S.A.


PUBLIC POWER CORPORATION S.A.

 

                                                                   ANNOUNCEMENT

1. The Board of Directors of PPC S.A. decided at yesterday΄s meeting (Decision B.D. No 215/14.12.04) the construction of a new power generation unit of 360-400 MW net capacity at the Aliveri Power Station.

2. It is a natural gas fired combined cycle gas turbine (CCGT) unit. The generation licence of the new unit has been awarded to PPC through Law 3175/03, in the framework of renewal and replacement of PPC/s old units with a total capacity up to 1600 MW.

3. PPC/s competent departments will proceed immediately to the necessary actions towards the Regulatory Authority for Energy (RAE) and the Ministry of Development for the specification of the related terms and conditions of the generation licence, according to law and the Licence Regulation.

4. The construction of the unit is planned to start at the beginning of 2006 and its commissioning in the summer of 2008.

                                                                                  Athens, December 15, 2004

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