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Italy’s Enel to build power plant in Greece March 2, 2008

Posted by grhomeboy in Energy.
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Italy’s Enel SpA has won a bid to build a 447 megawatt power plant in Greece, the Greek state transmission system operator said Thursday.

The license for the gas-fired plant is the first issued by the Hellenic Transmission System Operator, under a complex guarantee system aimed at bringing new investment into the Greek power market.

The cost of the project was not announced. Enel has said it proposes to invest between €500 million ($756 million) and €1 billion ($1.5 billion) in Greece until 2011.

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