Geothermal field Akropotamos
Topic of the practice
Climate mitigation through use of local resources
Good Practice Information
The Municipality of Paggaio has prepared a business plan about the management and exploitation of the geothermal field of Akropotamos. At the moment the case study is in progress and the final business plan of the project has been completed. The geothermal field would cover the municipality of Paggaio of 31.920 inhabitants (2011). The potential of electric energy production form the Geothermal field of Akropotamos is 4.000 MWh per year. The annual thermal energy production potential is estimated at 54.000 MWh. The annual amount of CO2 reduction is 4.800 tons/year.
Evidence of success
Currently, the success of the project is being measured in terms of economic benefit for the citizens (comparing the costs to the oil price, the decrease would be 72%, compared to the gas price 53%). As the project has not been implemented yet, it is too early to be evaluated. However the project is innovative in the area and will have many environmental and socio-economic benefits.
Contact details to obtain further information on the practice
Municipality of Paggaio