AMFILOCHIA PUMPED STORAGE

The project “Hydro Pumped Storage Complex in Amfilochia” is the largest investment in a energy storage in Greece. Since 2013 it has been selected by the E.U. as a Project of Common Interest under the code name PCI 3.24 and a Strategically Significant Investment ever since 2014. The Connecting Europe Facility Programme jointly funded studies while part of the total cost of the project will be financed by the Recovery and Resilience Fund, following the positive evaluation of the Greek recovery and resilience plan by the European Commission.

Οn July 1st, 2022 τhe company under the name “TERNA ENERGY-PUMPED STORAGE I SINGLE MEMBER SOCIETE ΑΝΟΝΥΜΕ”, with the distinctive title “TERNA ENERGY-PUMPED STORAGE I S.M.S.A.” was established for the purpose of the construction and operation of the project.

On 10/24/2022, the decisions for the Installation permits of the project “460 MW Pumped Storage Station and its accompanying projects” were posted in Diaygeia, in the location of Agios Georgios as well as for the “220 MW Pumped Storage Station and its accompanying projects” project of works”, in the place Pyrgos.

With a total installed capacity of 680 MW (production) and 730 MW (pumping), the project consists of two independent upper reservoirs (Aghios Georgios and Pyrgos and a common lower reservoir, Kastraki Lake, built in 1960.

• The Project’s objective is the energy storage and the maximization of renewable energy (RES) penetration in the energy production mix.
• Annual energy production: ~ 816.00 GWh (552+264)

An investment that exceeds € 500 million

• Creation of almost 900 new jobs during construction phase and 60 permanent jobs during operation period
• Improvement of the road network and access to the area (farming facilities, beekeeping, agriculture, forest management, forest protection)