Ptolemaida V Power Station

Ptolemaida V plant is a to be the fifth plant at Ptolemaida that will have a generating capacity of 660 megawatts, It is reported that 60 percent of its funding will come from German investment bank KfW.

Location of Ptolemaida V Power Station - approximate area only

Background
More than half of the funding for the construction of Public Power Corporation’s new lignite unit at Ptolemaida, western Macedonia, will come from Germany, paving the way for the Greek power utility to find the rest of the capital required for the project. After receiving approval from the German export credit agency Hermes, KfW will fund the consortium that has undertaken the construction of the plant with 700 million euros, according to sources.

The total projected budget for the construction of the plant is 1.32 billion euros.

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