Copelouzos Group

❗ The transformation of Alexandroupolis into a new energy gateway for the entire Central and Southeast Europe begins today with the start of Commercial Operations of the #Alexandroupolis #LNG #Terminal. GASTRADE S.A. proudly announces today, October 1st, 2024, that the Alexandroupolis LNG Terminal has entered commercial operations. It is one of the most important energy projects at the European, Regional, National and local level, designed, built, owned and operated by Gastrade. A landmark project envisioned 15 years ago by Dimitris Copelouzos. The result of great collaborations, with a pioneering conception for its time, the Project contributes to energy security and to the diversification of sources and energy supply routes for Southeast and Central Europe, decisively upgrading the role and importance of Greece in the contemporary energy map of Europe, making it an energy gateway for more than nine countries. Already 14 Greek and international companies are participating commercially in the Project, committing almost all of the Terminal’s capacity until at least 2030. At the same time, the start of commercial operations of the Project marks the enhancement of the #Vertical #Corridor initiative, significantly strengthening its dynamics, aiming to create a natural gas trading hub in Southeast and Central Europe. The creation of this terminal comes to meet the growing demand for energy security and stability in Europe, especially at a time when geopolitical and energy challenges are more significant than ever. Dimitris Copelouzos and Gastrade have not only made an ambitious investment but have also set the foundation for Greece to play a leading role in shaping Europe’s energy map. The project is a prime example of how pioneering solutions and strategic thinking can create new economic and geopolitical realities, offering both security and prosperity to the wider region. #FSRU, #Terminal, #Energy, #RePowerEU, #Alexandroupolis , #Europe

On 29th and 30th of June 2024 the Investment Conference, focusing on #Egypt's relations with the European Union was held in Cairo, Egypt, in which #Copelouzos Group had a significant and successful presence. The Conference was an important first milestone after signing of the strategic partnership between Egypt and the European Union and was characterized by the participation of high-ranking government and European officials, executives of financial institutions, as well as major international companies and investors. The event was honored with the presence of the President of the Arab Republic of Egypt, Abdel Fattah El-Sisi , as well as the President of the #European #Commission, Ursula von der Leyen. The Founder of the Group, Mr. Dimitris Copelouzos, who attended the Conference, was invited and participated in the "closed" meeting / Roundtable Discussion with the two Presidents. Mr. D. Copelouzos had the honor of being the only #Greek businessman who participated in this meeting, representing the Greek business community, highlighting the importance of the projects developed by the Group for Egypt and Europe. Also, the CEO of the Renewable Sources and Energy Storage Business Unit of the Copelouzos Group & CEO of ELICA, which develops the Egypt-Greece #GREGY electrical interconnection project, Mr. John Karydas, was invited to the discussion on Renewable Energy Sources, where he presented the GREGY and highlighted its importance, not only for Egypt and Greece, but also for Europe in the effort to achieve decarbonization, zero emissions and energy security and underlined the alignment of the project with the European Union's strategy for a faster transition to green energy. The Minister of Electricity and Renewable Energy of Egypt, Dr Mohamed Shaker, the Director General of Energy (DG ENERGY ) of the European Commission Ms. Ditte Jul Jørgensen , the Director General for Neighborhood and Enlargement (DGNEAR) of the European Commission Mr. Gert Jan Koopman, as well as other high-ranked invitees participated in the panel. In this context, Mr. Karydas emphasized the importance of GREGY in order for Europe to decarbonize its energy mix faster and diversify its sources of #energy supply and to accelerate the electrification of its economy, utilizing the rich " green" potential and the available lands of Egypt. In his statement, Mr. Karydas pointed out that GREGY, is a particularly important geopolitical project and the cornerstone for the creation of North-South corridors and the transfer of green energy.

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Δυναμικά προχωρά η κατασκευή του νέου Θερμοηλεκτρικού Σταθμού συνδυασμένου κύκλου (Combined Cycle Gas Turbine-CCGT) ισχύος 840 MW της εταιρείας "Ηλεκτροπαραγωγή Αλεξανδρούπολης Α.Ε.", μία σύμπραξη των ενεργειακών εταίρων Όμιλος ΔΕΗ (PPC S.A.), ΔΕΠΑ Εμπορίας (DEPA Commercial S.A.) και Damco Energy του Ομίλου Κοπελούζου (Copelouzos Group). Πρόκειται για μία επένδυση ύψους €400 εκατ. στην ΒΙ.ΠΕ. Αλεξανδρούπολης η οποία αναμένεται να ολοκληρωθεί σε περίπου 24 μήνες.   Μετά την έκδοση της οικοδομικής άδειας του έργου, ξεκίνησαν άμεσα οι εργασίες Πολιτικού Μηχανικού, ενώ η κατασκευή του κύριου εξοπλισμού του σταθμού γίνεται ήδη στα εργοστάσια της General Electric. Σε εξέλιξη βρίσκεται και η διευθέτηση των συνοδών έργων όπως οι γραμμές μεταφοράς της ενέργειας που θα παράγεται στον σταθμό, οι απαραίτητοι υποσταθμοί 400 kV και η σύνδεση για παροχή φυσικού αερίου στον σταθμό.   Ο σταθμός θα τροφοδοτεί με ενέργεια την εγχώρια αγορά αλλά και τις γειτονικές χώρες. Η διασύνδεση της μονάδας με το Εθνικό Σύστημα Μεταφοράς Ηλεκτρικής Ενέργειας θα γίνει με απευθείας γραμμές στο Κέντρο Υπερυψηλής Τάσης (ΚΥΤ) Νέας Σάντας, σημείο κατάληξης – μεταξύ άλλων – της νέας γραμμής 400 kV προς Βουλγαρία. Ο σταθμός παραγωγής ηλεκτρικής ενέργειας θα συνδέεται μέσω του ΕΣΦΑ με το FSRU στην Αλεξανδρούπολη, της GASTRADE S.A., μετατρέποντας έτσι την Αλεξανδρούπολη σε ένα ενεργειακό σταυροδρόμι δικτύων ηλεκτρικής ενέργειας, φυσικού αερίου και εξαγωγής ενέργειας προς τη Νοτιοανατολική Ευρώπη.  

The tenders for the selection of the consultants for the studies for the Electricity Interconnection between Greece and Egypt are launched. The first tender calls were published in the Greek and international press.   ELICA MEDITERRANEAN ELECTRICAL INTERCONNECTION S.M. S.A., a member of Copelouzos Group, which is developing the #GREGY electrical interconnection project, has published the first two calls for expression of interest for the final studies of the project. The first two calls were published in both the Greek and international Greek press, as well as on the company's website www.elicagroup.gr and refer to the necessary "Desktop Studies" for the finalization of the optimal choice of the submarine cable route and the landing points in the two countries, as well as the "Technical analysis of the project and the studies for the calculation of benefit indicators and cost-benefit analysis for the project". As it is already known, GREGY project has been included in the 1st PCI/PMI list of the European Union and concerns the electrical interconnection of the electricity systems of Egypt and Greece, which includes an HVDC connection with a capacity of 3,000 MW, for the transmission of 100% green energy from Egypt to Greece and Europe. The publication of the calls constitutes the next phase in the development of GREGY in order to expedite the implementation of this major national and European project. The electricity interconnection between Greece and Egypt is an energy leap forward for electricity interconnections in the Mediterranean and an upgrade of Greece's role in the energy map of South East Europe. The closing date for the submission of the Expression of Interest for the first two tenders is 31th May 2024. #GREGY, #green energy, #Europe, #Egypt, #PCI/PMI

The importance of the #Greece-#Egypt GREGY electrical interconnection for Greece and Europe was emphasized by Mr. John Karydas, Head of the Renewable Energy and Energy Storage Unit of Copelouzos Group and CEO of the company ELICA, which is developing the #GREGY project, from the stage of the Power and Gas Forum which was successfully organized by energypress.gr for the 5th consecutive year. Mr. Karydas spoke about the multiple and important energy, environmental, economic and geopolitical benefits that will arise for Greece and Europe, from the implementation of GREGY, transforming our country to an important green energy hub, with a leading role in the Southeastern Europe and East Mediterranean. GREGY, by transporting 100% #green #energy, will help to achieve faster the goals set by Europe for green transition, tackling climate crisis and diversifying energy supply sources, increasing our energy security. The GREGY project, as Mr. Karydas emphasized, will be the cornerstone for the creation of North-South energy corridors, for the transfer of green energy, which is a central strategy of Europe, changing the energy map of our region.

Today, President Abdel Fattah El-Sisi met with Chairman of the Greek Copelouzos Group, Dimitrios Copelouzos, in the presence of Prime Minister, Dr. Mostafa Madbouly, Minister of Electricity and Renewable Energy Dr. Mohamed Shaker, and a number of senior company executives. Spokesman for the Presidency, Counselor Ahmed Fahmy, said the President was briefed on progress in the #“GREGY Project” for power interconnection with Europe, particularly with the successful incorporation of the project into the initial list of projects of common interest in the European Union. This paves the way for embarking on the next phase of the project’s implementation, namely the preparation of the final technical and environmental studies as well as the study to determine the path of marine connection cables. The President was offered an overview of the group’s plans for the production of renewable energy in Egypt. President El-Sisi was given a presentation on efforts exerted to boost joint work between Egypt and the group to implement a 9.5 gigawatt wind and solar power production project, which will strongly support the Egyptian economy and make a major contribution to efforts toward transition to clean energy in Egypt and Europe. President El-Sisi gave directives to proceed and expedite joint cooperation efforts between the two sides so as to complete the proposed projects as soon as possible. He also stressed the need to streamline procedures and eliminate any impediments that might be encountered during the course of the project’s implementation. The President confirmed Egypt’s keenness on playing a leading role in the international transition to clean energy, which will benefit Egypt at both the economic and environmental levels. President El-Sisi lauded the persistent cooperation between Egypt and Greece across all areas, which demonstrates the robust relations the two countries share. #green energy, #europe, # Egypt, #GREGY

Our warmest wishes for a Happy and Prosperous New Year! 

At the Greek Pavilion at #cop28uae , Mr. John Karydas, CEO Renewables and Energy Storage of Copelouzos Group and CEO of ELICA Group, participated in a panel of high-level and distinct speakers in the event: “Building a new green electricity bridge from Middle East to Central Europe” organized by IPTO-Independent Power Transmission Operator . Mr. John Karydas reported the need for building green electricity bridges from a country like #Egypt, with excellent potential for renewable energy projects, to Europe, via Greece and the project #GREGY. More specifically as Mr. Karydas mentioned “Future energy projects should contribute to the region’s climate neutrality, and the GREGY electrical interconnection serves this objective through the key role of cross-border electricity interconnection. We work very hard in facilitating Europe's energy transition and diversifying its energy resources, transforming Greece to a green energy hub in the region. GREGY constitutes the cornerstone for the creation of green energy corridors linking North with South and interconnecting two continents via Greece and Egypt.” #GREGY, #Greenenergy, #RES, #COP28UAE

GREGY, the electrical interconnection between Greece and Egypt was presented at #COP28UAE, at the Pavilion of Masdar (Abu Dhabi Future Energy Company).   @Mr.John Karydas, CEO Renewables and Energy Storage of Copelouzos Group, outlined the importance of GREGY for Egypt, Greece and Europe and its significant contribution towards the fast achievement of green transition. GREGY, as it was pointed out by Mr. Karydas, will enhance independence from fossil fuels through the supply of 3,000MW of Green Energy at competitive prices, will contribute towards the prevention of climate change and greenhouse effect, will contribute to the achievement of #energy market integration, and provide alternative energy sources for #europe , achieving the diversification of energy supplies and hence enhance energy security. The plan of Copelouzos Group to invest in the implementation of 9,5 GW of renewable energy projects in #Egypt to feed GREGY was also presented, which is a complementary to GREGY project for securing the green energy to be transferred to Greece and Europe via GREGY. The presentation of GREGY was part of the joint presentation that Copelouzos Group and Infinity Power, a subsidiary of MASDAR, made in the MASDAR Pavilion at #COP28UAE. Copelouzos Group and Infinity Power have signed a Memorandum of Understanding for the assessment of the joint development of renewable energy projects in Egypt, with the produced energy to be sent via GREGY to Greece and Europe. Mr. Ahmed MULLA, Deputy CEO of Infinity Power, presented the joint plans for the development of the renewable portfolio in Egypt, highlighting their importance for Egypt and Greece. Mr. Thomas Achimastos, Group Vice Chairman/ Chief Business Development & Strategy Officer of Copelouzos Group, and Mr. A. Mulla answered questions from the audience regarding the importance of the two projects, GREGY and the RES projects in Egypt, regarding the creation of green energy corridors from South to North, supporting faster green transition.