Signed shareholders contract today (21.5.2025) for the construction of a production unit electricity by gas, budget of 600m euros among Clavenia, DEPAEusif Larissa and Volton for their joint participation in Larissa Thermoelectric.
As announced, the company is developing an electricity unit with gas burning, 792 MW, in the Larissa Industrial Area. The project has received all the necessary licenses and is ready to proceed with the Final Investment Decision (Fid) of the shareholders. “The new unit, highlighting, is expected to be the most efficient CCGT plant in Greece, with a net thermal efficiency of 62.6%, utilizing the advanced Mitsubishi Heavy Industries technology, and in particular the type of M701jac.” The role of the energy manager, as well as the trade supply of natural gas for the operation of the unit, will be taken over by DEPA trading.
Following the signing of the agreement, the statements followed:
Stavros Papastavrou, Minister of Environment and Energy:
“Today a major investment has been signed for both Larissa and Thessaly and the country as a whole. This is a new natural gas power plant. A unit that will create new jobs, enhance competition and lead to lower electricity prices for consumers. A strategic investment for the energy security of our country, which upgrades the role of Thessaly in the national and European energy map. We support every initiative that promotes the energy transition to a model of sustainable development. A model that serves both man and environment. “
Nikos Tsafos, Deputy Minister of Environment and Energy:
“This investment enhances the durability of our energy system and expands competition in electricity production – elements that will lead to lower prices for consumers. It is also another step in the evolution of DEPA into a comprehensive energy body with a key role in Greece and the wider region of Southeast Europe. “
Eli Cohen, Israel’s Energy Minister:
“I welcome the creative and efficient cooperation between Israeli and Greek investors for the development of an advanced energy project in Greece, using top Israeli technology and parallel to the environment.”
Konstantinos Xifaras, Managing Director DEPA Tracking SA:
“Our participation in the work of Larissa Thermoelectric is a strategic choice with a clear energy, economic and geopolitical footprint. We invest in a peak unit, which essentially enhances the country’s validity of the country, offers increased flexibility in the system and contributes to the gradual charcoal of the domestic energy mix. This investment will contribute to the creation of many direct and indirect jobs, both during construction and during operation. At the same time, we are shaping a new investment axis with a regional report, as Larissa has a key role in the country’s energy map. “
Nissan Caspi, Partner Manager, Clavenia Ltd:
“We have envisioned from the beginning a project of Greek -Israeli cooperation, combining cutting -edge technology, high energy efficiency and low carbon footprint. The work of Larissa is the first phase of a broader design, integrating innovative Israeli technologies, such as hydrogen storage, green methanol production and lithium -ion batteries. The participation of strong Greek and international partners enhances the trust and prospect of investment. “
Dionysis Alisandratos, President & CEO Eusif Larissa SA:
“This is a strategic investment with significant energy, economic and environmental benefits. The composition of shareholders, with diversity and high added value, creates the first independent energy producer in Greece. Larissa’s work can be a role model for the country’s future productive infrastructure. “
Nikolaos Bakos, President & CEO Volton SA:
“Our participation in the work of Larissa expresses our commitment to the development of energy projects with a long -term benefit to the Greek economy. The new unit will be a reference point for the new generation of CCGT units in Greece. “