Clavenia Ltd invested €19.4 million in Larissa Thermoelectric S.A. to build a 792 MW gas plant. The capital increased to €19.51 million. Partners include DEPA Commercial, EUSIF Larissa, and Volton. Greece's energy supply is stable, raising questions about the project's necessity. Clavenia Ltd, a Cyprus-based company, has injected €19.4 million into Larissa Thermoelectric S.A., a firm aiming to build a 792 MW natural gas-fired power plant in the industrial zone of Larissa, central Greece. The investment comes amid questions about the actual necessity of the project, especially in a country where energy security is not under immediate threat and renewable energy sources have been expanding rapidly. The capital increase, which involved the issuance of 1,941,220 new shares with a nominal value of €10 each, raised Larissa Thermoelectric's share capital from just €100,000 to €19.51 million. The financing was structured through a mix of new...