CCS Ready Innovative Technologies in Coal-fired Power Plants as an Effective Tool for a Greek Low Carbon Energy Policy

Abstract

This paper provides a preliminary assessment on how CCS-Ready technology can contribute to reduce CO2 emissions from new fossil fuels coal fired power plants and to describe what is its current status in the region of Western Macedonia in Northwestern Greece. The development of the new Unit V of Ptolemais plant is discussed in order to decide if the investment costs of retrofitting at some later point in time depend on the initial design phase of the coal fired power plant and can be reduced by a CCS-Ready installation. Another critical item is whether it is preferable to install CCS Ready technology right away or to wait when the full privatization of the Greek Public Power Corporation will proceed. This study analyses the Greek prospects to store significant quantities of CO2 emissions from the local coal fired power plants in the Prinos depleted offshore oil-field deep saline aquifers