Papaconstantinou underlined that the investment gives a boost to the energy market and stressed that it materialised a few weeks after the energy market deregulation law was passed in parliament. He pointed out that the energy sector’s deregulation will be accelerated through the implementation of a privatization programme that will focus on Hellenic Public Gas Corp. S.A. (DEPA), Hellenic Gas Transmission System Operator (DESFA), Hellenic Petroleum S.A. (ELPE) and Public Power Corp. S.A. (PPC)
The Thisvi plant, a natural gas fired unit (CCGT) with a total installed capacity of 420 MW, is the second ELPEDISON power plant after the one already in operation in Thessaloniki making the company the second largest electricity production company in Greece after PPC. The 275-million-euro investment was completed in two and a half years.
ELPEDISON Group has been established by ELPE, the largest Greek commercial and industrial company active in the oil and petrochemical sector and Edison, the longest-running electric production utility in Europe and one of the largest in Italy. The Ellaktor Group (HE&D), among the leading Greek companies in the sector of construction and renewable energy activities in the field of power generation, is also part of the Group.