Russian-Greek joint venture developing geothermal project in Northern Greece
Rosgeologiya and Copelouzos Group (Source: Copelouzos Group website)
Parker O'Halloran
2 Jun 2017
Russian - Greek cooperation to develop geothermal projects in northern Greece.
During the 2017 St. Petersburg International Economic Forum (“SPIEF”) Mr. Roman Panov, Managing Director – Chairman of the Board of JSC “Rosgeologiya” and Mr. Dimitris Copelouzos, Chairman and Managing Director of Copelouzos Group, signed an agreement to jointly develop a geothermal project in northern Greece. The two parties agreed to establish a joint company for the implementation of this project.
This development is the outcome of the agreement that was executed between the parties during the SPIEF-2015 for exploring the possibility of implementing jointly projects relevant to the development of geothermal resources and the construction of geothermal power plants in Greece.
As a next step, the joint company will apply to the Greek Ministry of Environment & Energy to obtain a license for the implementation of the project.
This agreement was executed in the presence of the Minister for Natural Resources, Mr. Sergei Donskoi and the Minister of Transport Mr. Maksim Sokolov, of the Russian Federation.
Source: Copelouzos Group press release. June 2, 2017.
