Section ECONOMY
TOPIC

ΟΛΠ Α.Ε.
European co-funded Research and Development (R&D) Projects

The European co-funded Research and Development (R&D) Projects of PPA S.A. represent the Organization’s ongoing efforts, implemented over the years, each one aiming at distinct outcomes.

In total, the aforementioned Programs focus on enhancing innovation and competitiveness through the development of new technologies, the promotion of innovation, the  the support of sustainable development, delivering significant social, economic and environmental impact.

Visitors / users of the ports of the Mediterranean basin.

They are carried out on a constant basis and their duration varies, depending on the nature and type of the program

Recently, particular emphasis has been placed on European co-funded initiatives related to sustainable development. The consistent participation of PPA S.A. demonstrates the Port’s leading position in the field of green technology, through strategic actions focused on the implementation of Shore-Side Electricity (SSE/OPS) systems, the use of alternative fuels, and the promotion of environmental responsibility. Through their implementation, these initiatives focus on innovative technological applications and processes.

 

Active European co-funded Research and Development projects:

 

No

Program

Project Description

 PPA Budget

Co-Funding rate

1

CIPORT

(CEF)

Transforming the Port of Piraeus into a Green Cruise Hub. Provision of the final studies and engineering designs for the development of onshore power supply (OPS) technology for four cruise vessel positions at the Themistocles quay in the core maritime Port of Piraeus. Completed in February 2024.

170,000.00€

50%

2

Climate Resilient Regions Through Systemic Solutions and Innovations- ARSINOE (HORIZON 2020)

Studying the potential effects of Climate Change in Ports within the Mediterranean basin.

A Systems Innovation Approach (SIA) is applied with which challenges are analyzed, opportunities are identified, and innovative solutions are designed.

The ultimate goal is to create an Ecosystem that adopts Climate Change Adaptation solutions for the port of Piraeus.

Additionally, a hybrid system is designed using key performance indicators to systematically measure resilience and the rate of implementation of sustainable development goals.

497,500.00€

70%

3

TRIERES (HORIZON EUROPE)

 

 

Greece’s first Hydrogen Valley that brings together business, knowledge, and regional interests. PPA’s involvement concerns in two pilots:

One (1) short sea ferry vessel retrofitted with 200kW FC system, which will be operated on the 1.6 nautical mile route of Perama-Paloukia, situated in close proximity to the port of Piraeus.
One (1) Fuel Cell Auxiliary Power Unit (FC-APU) with a capacity of 100kWe to produce electricity via green hydrogen used for the heating in PPA premises.

703,149.00€

70%

4

GREENLIFE4SEAS (LIFE+)

Demonstrates the technical feasibility, full safety and commercial viability of innovative solutions for in situ recovery and reuse of sediments from harbor dredging and shellfish shells, used as secondary raw materials.

350,812.12€

60%

5

MISSION (HORIZON EUROPE)

 

 

An interoperable digital real-time-based optimization and decision support tool enabling coordinated port call operations, planning and execution in terms of time, fuel consumption, environmental impact, and safety, spanning the overall maritime supply chain.

a pilot application on the “JustInTime “concept will be applied at the port of Valencia, the port of Genoa, with the cooperation of COSCO SHIPPING Lines Spain.

162,500.00€

60%

6

 

RENEWPORT (MED)

Supports the clean energy transition of mediterranenan ports, transforming ports into clean energy hubs by exploiting the untapped potential of renewable energy sources (RES). It concerns the installation of a photovoltaic units on a roof and vehicle chargers.

319,800.00€

80%

7

TREASURE (MED)

Soil and water pollution reduction in and around Mediterranean port areas through transnational testing mini-labs, development and application of novel techniques to restore degraded and polluted port ecosystems. It concerns the installation of a port environment quality monitoring system with sensor systems and sample collection tools.

325,160.00€

80%

8

 

ADRIREC (ADRION)

 

Refers to renewable Energy Communities (RECs) for ports. The project facilitates the energy transition of ADRION ports by exploiting untapped potential of RES through the establishment of Renewable Energy Communities (RECs), to enhance their decarbonisation potential.

210,000.00€

85%

9

SUPER-ALFUEL (ADRION)

Prepares the port for the use of effective low- carbon/zero-emission and safe operative model of hydrogen, ammonia and methanol in marine transportation. Explores ways in which the supply, bunkering, and storage of alternative fuels should be developed. Includes considerations for infrastructure construction or renovation, risk management measures, and the establishment of relevant regulations and standards.

172,200.00€

85%

 

 

 

 

10

TRAVEL WISE

(HORIZON)

As the EU promotes synergies between connected destinations (e.g., ports, airports, train stations). The project involves companies that are operationally connected, particularly for the Greek pilot implementation, with participants such as AEGEAN, HELLENIC TRAIN, and the ATHENS INTERNATIONAL AIRPORT. The port links to the operational information flows and systems of each organization involved gaining access to schedules and passenger flows to and from the port's previous and subsequent destinations, as well as receiving real-time notifications in case of crises or incidents.

142,500€

70%

European co-funded Research and Development projects under evaluation:

 

No

Program

Project Description

 PPA Budget

Co-Funding rate

1

CLIMEDPORTS

(MED EUROPE)

 

Focus on improving the resilience of ports (both infrastructure and port operations), in response to climate change impacts. Impacts from extreme weather events (for example, an increase in the frequency, duration, or intensity of storms or heat waves) or slow-evolving effects such as sea level rise or acidification.

241,000.00€

80%

2

CAESAR (HORIZON)

 

Enhancing outcomes and risk models of TRESSPASS (an earlier project, with the latest developments in artificial intelligence and machine learning, smart sensors and privacy-boosting technologies.

138,750.00€

70%

3

Dcorridors (HORIZON)

Under evaluation

Strengthening the preparedness, resilience, and response capabilities of services against all-hazard risk.

263,750.00€

70%

4

ΑΙΜΟ

(HORIZON)

Under evaluation

Harnessing AI for optimising transport management, encompassing both passenger and freight mobility, door to door. 

245,625.00€

100%

5

MED GRIT

(MED EUROPE)

Under evaluation

Technical and Vocational Education and Training (TVET) modules in foreign trade, environment, sustainability, digitization, and port logistic operations. The training is expected to be applied in the port ecosystem including port staff, logistics companies/freight forwarders, and students.

202,050.00€

90%

 

Concurrently, PPA  SA designs and implements investment plan annually  to  strengthen its  financial position  as  well as ensure the provision of the necessary Capex needed to adjust infrastructure and fund action that support sustainable  operations.  According  to  the  Concession  Agreement,  the  mandatory  investment  of  the Company  is  around  €  293.8  million  on  the  First  Investment  Period  and  €  56  million  for  the  Second Investment  Period,  while  the  additional  voluntary  investments  amount  to  a  reference  cost  of  €  167.0 million. By the end of 2024, the accumulated contracted amount for the investment was € 250.5 million with a reference cost of € 278.6 million in total, 89.9% of total reference cost. The accumulated amount invested for the same period reached € 168.3 million, which can be split into completed projects € 96.2 million, projects under construction € 57.7 million and prepayments of € 14.4 million.

 

1

MΕ01

Passenger Terminal Expansion (South Zone - Phase A)

136.283.800

136.283.800

102.954.367

45.829.057

2

MΕ02

Repair of pavements, rails and RMG cranes of Pier I Container Terminal

8.000.000

8.000.000

6.800.475

7.075.930

3

ME03

Convertion of Pentagonal Warehouse to Passengers Terminal

1.500.000

0

0

107.297

4

ME04

Underground Tunnel for the connection of G2 Car Terminal to the ex-ODDY area.

5.000.000

5.000.000

6.416.285

4.801.362

5

ME05

Upgrade and maintenance of Port Infrastructure

15.000.000

1.270.483

854.467

1.119.347

6

ME06

Supply of Equipment

25.000.000

25.000.000

28.052.761

19.834.880

7

ME07

Dredging of Central Port

8.000.000

8.000.000

6.128.325

2.295.519

8

ME08

Studies

5.000.000

5.000.000

9.600.000

4.404.712

9

ME09

Construction of New Oil Terminal

15.000.000

15.000.000

19.541.587

20.846.402

10

ME10

Expansion of Ro-Ro (Car) Terminal - Hrakleous Pier

20.000.000

20.000.000

19.810.488

21.411.079

11

ME11

Improvement of Infrastructure of Ship Repair Zone (Including floating docks)

55.000.000

55.000.000

50.353.403

40.593.836

Total amount without VAT (Α)

293.783.800

278.554.283

250.512.158

168.320.422

Additional Investments

 

 

1

Development of a logistics center in the former ODDY area, surface of 80.000m2

60.000.000

2

Construction of two car park buildings, surface of 75.000m2 each in the G2 region

 27.000.000

3

Construction of a Cruise Passenger Terminal

  80.000.000

4

Improvement of port and building infrastructure not included in Obligatory Investments

58.218.528

58.218.528

Total amount without VAT (B)

167.000.000

 

58.218.528

58.218.528

Total amount € (Α+Β)

460.783.800

278.554.283

308.730.686

226.538.950

Apart from the above, the Company completed some additional investments as maintenance infrastructure of the port with the amount of € 58.2 million.

OLP implements synergies with entities from Greece and abroad

Not mentioned. 

Greece and abroad

Through its participation in European Programs and co-funded Projects, PPA S.A. contributes to multiple benefits, namely:

  • Steering the development of new technological applications and innovative processes that open new horizons for growth and operational optimization.
  • Supporting and promoting innovative practices and investments in green technologies, in the use of alternative fuels, as well as in environmentally sustainable operations.
  • Contributing to the achievement of the objectives of the European “Fit for 55” initiative, aimed at protecting the natural environment and promoting social wellbeing.

The European research and development co-funded projects:

  • Ensure the competitiveness and operational optimization of the Port
  • Secure PPA S.A.’s participation in relevant decision-making processes