Government approves six strategic investments of 1.05 bln euros

he Interministerial Committee on Strategic Investments on Monday approved six strategic investments, totalling 1.05 billion euros.

The six investment projects approved are mainly in the tourism and renewable energy sectors:
– Development of a tourist, cultural, conference, medical, commercial and business complex in Eleonas by “Noval Property” (Viohalko group), with a total budget of 117 million euros.

– COSTA NOPIA by Cretan Sun and Sea Developments SA, totaling 303 million euros. It is an investment project that includes two hotel units, homes, a marina, sports facilities and a golf course.
– “Cape Tholos” by TEAV SA with the distinctive title “Maris Hotels S.A.” of Metaxas Group, totaling 150 million euros, that includes the construction of a holiday village, a tourist accommodation complex, and two hotel units.
– Electricity generation through the development of 177MW photovoltaic and wind power plants by East PV SA and Notias S.A. companies of the French group Total Eren S.A. The total cost of the project is 172 million euros.
– Construction and operation of 284 MW photovoltaic power plants of the Consortium Solar Power Systems S.A., totaling 214 million euros.
– Investment plan for the development of Panita Ltd Shopping and Recreation Center in Metamorfosi Attica, totaling 93.5 million euros.

Following the completion of the first Interministerial Committee on Strategic Investments, Minister of Development and Investments Adonis Georgiadis said: “We have approved investment plans for strategic investments in the RES and tourism sectors of over 1 billion euros.”

On his part, Environment and Energy Minister Kostis Hatzidakis said: “When we talk about investments in the Mitsotakis government we mean it. Today’s decisions prove it.” Specifically referring to the strategic investments in renewable energy sources, he said that “by 2030, we want 35 pct of the country’s coverage to be generated through RES”. “There is a strong investment interest and the government will support any effort in this direction,” he said.

Deputy Foreign Minister Kostas Fragogiannis spoke of “new strategic investments by the foreign ministry and Enterprise Greece in full coordination with the ministry of development and investments, the ministry of [environment and energy] and the ministry of tourism”.