#GAS PLANT
Larissa Gas Plant Project Secures Capital Increase, But Critics Question Need for New Fossil Fuel Investment
Clavenia Ltd invested €19.4 million in Larissa Thermoelectric S.A. to build a 792 MW gas plant. The capital increased to €19.51 million. Partners include DEPA Commercial, EUSIF Larissa, and Volton. Greece’s energy supply is stable, raising questions about the project’s necessity.
Greece’s New Gas Plants: Subsidizing the Unnecessary at Taxpayers’ Expense
Greece’s plan to expand its gas-fired power capacity is drawing increasing scrutiny, as new evidence suggests these high-cost projects may offer little value in a rapidly evolving energy landscape. With €1.6 billion in investments supported by the state, critics argue that the real driver behind these developments is not energy security but guaranteed investor returns—funded by taxpayers.