PPC reviewing its production capacity of lignite, in case of Russian gas imports stalling

PPC reviewing its production capacity of lignite, in case of Russian gas imports stalling

Amid soaring prices for electricity due to the small participation of lignite in the fuel mixture, Public Power Corporation (PPC) is reviewing the production capacity of its mines in the context of readiness to face the extreme scenario of a complete suspension of Russian gas imports.

At the same time, the Energy and Environment Ministry is planning to double lignite production and to review its plan for lignite plant withdrawals. In fact, a relevant order has reportedly been given to the mines of Western Macedonia and Megalopoli.

PPC is expected to submit an annual plan on Tuesday for its lignite mines to the Environment and Energy Ministry.

The government plan to ensure the smooth supply of electricity in Greece entails lignite production as one of its main pillars in case of interruption of gas flows. The plan also includes the conversion of five gas units to oil.

On Monday, and despite the fact that all PPC lignite units should be operating on market terms, the participation of lignite in the fuel mix was just 4% as only Unit 3 of Agios Dimitrios was operating.

In turn the large drop in RES production (8%) was replaced by expensive natural gas, whose participation in the fuel mix was at 59%, raising the wholesale price of electricity to 334.43 euros per megawatt hour.

Kathimerini understands that a meeting was held on Monday at the Maximos Mansion with the participation of Energy Minister Kostas Skrekas and the head of PPC Giorgos Stassis that discussed a proposal for the withdrawal of existing lignite plants to take place in 2025 instead of 2023 as planned by PPC.

However, when asked about this recently, Skrekas stated that even if the government did decide to extend the program beyond 2023, the operation of the units will be judged on market terms.


Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.