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PPC Greece to invest $6.4 Billion to create green tech and energy hub

The Public Power Corporation of Greece plans to invest 5,75 billion euros ($6.4billion) in Western Macedonia to create a green technology and energy hub for Greece as well as southeastern Europe.

The plan includes the construction of a 300 megawatt, 2.3 billion euro data center at Agios Dimitrios.

PPC stated that the facility could potentially be scaled up to 1,0MW depending on the level of demand.

The company intends to also invest 1.2 billion Euros in developing solar parks on ex-mining sites in Western Macedonia. These solar parks will provide a combined power of 2,130MW.

Additional 940 million Euros will be allocated to energy storage projects with a total of 860 MW.

PPC stated that Ptolemaida 5 - a lignite fired power plant - would first transition into a natural gas 350 MW unit open cycle by the end 2027.

Once the decision is made to invest in the data center, the turbine could be upgraded to a combined-cycle 500 MW gas turbine.

PPC plans to invest through Hellenic Hydrogen in Greece's 1st industrial-scale green hydrogen production unit, in the town Amyntaio.

PPC stated that the new projects will create up to 20,000 construction jobs and an additional 2,000 once they are operational.

(source: Reuters)