DEPA Commercial will participate with a 35% stake in FIER Thermoelectric SA’s equity capital.

The company was founded in September 2022 by GEK Terna and GENER2 for the development of an electricity production unit, using natural gas, with a power of 174 MW at Relievi Roskovec, Albania.

DEPA Commercial has signed a long-term contract to supply the unit with natural gas.

This new unit will significantly reduce Albania's electricity imports and allow the country to efficiently manage the growing energy demand with greater flexibility.

The CEO of DEPA COMMERCIAL S.A., Konstantinos Xifaras, stated: "DEPA COMMERCIAL S.A. is constantly expanding its activities as a modern, vertically integrated enterprise, particularly in the field of power generation. Following investments in photovoltaic projects with a total capacity of 815 MW and our participation in the power generation unit in Alexandroupolis with a capacity of 840 MW, we are entering a new market, that of Albania, by participating in the first thermal power generation unit. DEPA COMMERCIAL S.A. emerges as one of the most dynamically growing energy companies in Southeastern Europe, consistently participating and taking initiatives that contribute to the energy stability of the region."