BUSINESS

More firms seek Juncker Plan funding

CHRYSSA LIAGGOU

TAGS: Energy, Finance

Greece’s private sector is resorting to the funding support of the European Investment Bank, seeking a share from the Investment Plan for Europe (also known as the Juncker Plan).

After Creta Farm, which has already secured such funding, Terna Energy has submitted an investment plan of more than 1 billion euros for the renewable energy sources sector.

The country’s primary sector is also staking a claim for investment support, tabling innovative investment plans such as that by Wonderplant for the creation of units for the hydroponic cultivation of tomatoes.

Spyros Theodoropoulos, the head of the Chipita food company and one of the main shareholders and founders of Wonderplant, confirmed to Kathimerini the firm’s decision to apply for financing of its major investment in hydroponic cultivation, totaling 200 million euros, from the Juncker Plan.

Terna Energy is also looking forward to the Juncker Plan cash to fund three RES investment projects, two of which are considered pioneering for the Greek market. The biggest concerns the construction of two pumped storage power plant systems with a total capacity of 680 megawatts per annum at Amfilochia, western Greece.

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