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.
