The Chinese consortium plans to invest in Greece's energy projects



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July 5, 2018, 15:45 Athens, July 5 (Prensa Latina) China Energy Investment Corporation, one of the world's largest energy companies, announced today that it could invest at least three billion dollars in Greece, with a focus on renewable sources.

A strategic cooperation agreement between the company and the local group Copelouzos has sparked interest in developing joint ventures in the field of renewable energy and conventional electricity. Asia will acquire a 75% stake in major wind farm projects built by Copelouzos in this European territory, confirmed the group's director, Dimitris Copelouzos.

According to the manager, the two entities are interested in the acquisition of lignite units of the Public Energy Company of Greece in Megalopolis (southern part of the country) and Meliti (north).

This decision, highlighted, marks the agreement of cooperation also includes conventional power plants.

The cooperation agreement provides for investments of at least three billion euros (three thousand 500 million dollars) in the Greek market, said representatives of the Copelouzos group. the companies, corroborated the specialists, they seek to develop in the region of the Balkans and in other European countries from the nexus of cooperation.

According to China Energy Investment Corporation Chairman Ling Wen, the document signed on Thursday is "We firmly believe that we will have deeper and more beneficial cooperation for both countries," he said.

According to the Greek Deputy Minister of Economic Affairs and Development Stergios Pitsiorlas, the Pact creates a favorable framework to move faster, because Greece has great potential in renewable energy without exploding yet enough.

oda / mjm

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