Summary
- Copelouzos Group is reportedly considering two or three locations for its proposed AI computing facility.
- A preliminary 24 MW phase, expandable to 80 MW, has been reported, but the partners have not confirmed final technical specifications.
- Electricity from the planned GREGY interconnector is being considered, with no allocation or supply agreement yet confirmed.
Greece’s Copelouzos Group is reportedly examining two or three possible sites for an artificial intelligence computing facility being developed with Khazna Data Centers and Core42, while considering electricity from the proposed Greece–Egypt GREGY interconnector.
The site assessment follows memoranda of understanding signed in Athens on 22 October between Copelouzos and the two companies, which form part of Abu Dhabi-based technology group G42.
Greek publication Business Daily reported on 26 October that sources close to Copelouzos identified several locations under consideration. The partners are expected to assess electrical requirements, computing capacity, technical specifications, and phased development arrangements before choosing a site.
The initial installation has been reported as a proposed 24 MW development with the possibility of expansion towards 80 MW. Those figures remain preliminary and have not been confirmed in the original G42 announcement as contracted or connected computing capacity.
Khazna is expected to lead the physical infrastructure development, with Core42 supplying expertise in cloud services and AI computing. Copelouzos contributes experience in energy projects and large infrastructure development.
The agreements remain exploratory. No final investment decision, definitive site, completed construction contract, or operational timetable has been announced.
Electricity supply is among the principal questions requiring resolution. AI computing installations need substantial continuous power, while expansion beyond the first phase can place further demands on substations, network connections, electrical distribution, and backup systems.
Available development land does not necessarily provide the electricity capacity needed for an installation of the intended scale. Connection studies must establish whether the required load can be accommodated and what network investment or reinforcement may be necessary.
GREGY is being considered as one possible source of electricity. The project is intended to establish a 3,000 MW electrical interconnection between Egypt and Greece, allowing renewable electricity generated in Egypt to enter Greek and wider European markets.
Sources close to Copelouzos suggested that the proposed computing facility could become a consumer of power associated with the interconnector.
No electricity allocation, power purchase agreement, or dedicated connection has been confirmed for the AI development. The interconnector itself remains subject to further engineering, permitting, and investment decisions.
Preparatory work on GREGY includes environmental studies, seabed investigations, and technical assessment of its land-based infrastructure.
The route evaluation has advanced, while project participants continue discussions about the appropriate connection points with the Greek and Egyptian electricity transmission systems.
Copelouzos has identified the first quarter of 2028 as a target for completing studies needed to support an initial investment decision on the interconnection. That is a development milestone, not an expected commissioning date for the electrical link.
Sources associated with the project have discussed a potential annual electricity transfer of approximately 26 TWh under full utilisation assumptions. Actual delivery would depend on generation, utilisation, system availability, and the completed interconnector’s operating arrangements.
The AI facility’s own electrical demand has not yet been finalised. Its design will depend on the computing systems selected, their utilisation, cooling technology, and the configuration of supporting electrical infrastructure.
Phased construction could allow computing capacity to increase as technical and commercial requirements become clearer. However, the availability of later electrical capacity would still need to be demonstrated.
The development also forms part of a wider effort to position Greece as a location for regional AI and cloud computing services, with potential users in banking, telecommunications, shipping, and public administration.
That commercial ambition remains separate from the engineering and financing decisions required to build a functioning facility.
The immediate milestones are site selection, power demand assessment, and agreement on technical specifications. The proposed use of GREGY electricity remains an option under consideration rather than a secured supply arrangement.
