The advantages of the area were described by PPC President and CEO George Stassis
In discussions with multinationals from the IT field to participate in the big data center planned by PPC In Western Macedonia the business administration is located and the first messages are encouraging due to the significant advantages of the area for this investment. The alliance with one or more investors for the implementation of the investment is expected to be finalized in 1 -2 years while all the projects planned by PPC in the former lignite mines, are expected to be completed in 2030 – 2031.
PPC’s investment plan for this period in Western Macedonia, worth € 5.8 billion, with a possible extension of 12 billion euros, Under conditions, a special event was presented yesterday, in the presence of Prime Minister Kyriakos Mitsotakis at the site of the Ptolemais Ptolemais.
The advantages of the area for the installation of Data Center were described by PPC President and Managing Director at the event. George Stassis Saying: “We have land, energy, gas network, electricity transport networks, fiber optic network with connection to international telecommunications hubs, water, district -heating needs, workforce. Our PPC subsidiary FiberGrid will create new high -speed connections and data center. Corridor – in which we participate – with telecommunications hubs abroad, to India and Singapore. “
The investment is about the development of 300 megawatt data center in the first phase, reaching 2.3 billion euros. If the right conditions occur, it will be extended to 1 gigavat so it will require additional 5.4 billion investments and another 1.2 billion in energy units that will meet additional demand. An additional advantage for consumers is that the data center will be “behind the meter”. That is, it will not absorb cheap energy from the market, thereby raising prices for other consumers but will be powered by a PPC units contract in the area.
Large -scale (1.2 billion) is Investments and photovoltaics in the former lignite mines of 2,130 megawatts. Asked how to affect this market, duties imposed by the US, PPC sources said prices in Europe may be pressured down – so investing costs – as demand from the US will be reduced.
