China Energy enters the Greek market – Greece, 9 July 2018

Last week, China Energy Investment Corporation, one of the world’s largest energy companies, signed a cooperation agreement with Greek Copelouzos Group on investing in renewables and conventional electricity production.
According to the agreement, Chinese company will enter into the equity of wind farms built by the Greek Group. The two companies will also jointly bid to acquire lignite-fired thermal power plants Megalopoli and Meliti currently owned by state-controlled Public Power Corporation (PPC), which have been put for sale. The deal envisages investment of some 3 billion euros in Greek energy market.

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