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2nd Power Unit in Viotia Enters Into Commercial Operation
444 MW gas fired power plant
2nd Power Unit in Viotia Enters Into Commercial Operation
444 MW gas fired power plant
Published 06-06-11
Submitted by MYTILINEOS Holdings S.A.
Friday 3 June saw the entry into commercial operation of the second power plant, out of a total of three such stations that form the first stage of the MYTILINEOS Group's investment plan in the energy sector.
The most modern combined cycled power station ever to be build in Greece, this gas fired unit, with a nominal output capacity of 444 MW, went through trial operation with complete success, marking the completion and full operation of the energy centre of Ag. Nikolaos, Viotia. The energy centre will help significantly the efforts for higher penetration of natural gas in the wider region, as a result of the operation of the gas pipelines that will supply the centre, with corresponding environmental and economic benefits for the local residents.
The construction of the plant and the flawless operation of its equipment, which incorporates leading-edge technology supplied by GENERAL ELECTRIC (GE), the world's largest turbine manufacturer, was successfully undertaken and guaranteed by METKA. Demonstrating its pioneering capabilities, METKA built the most energy-efficient power plant in the country, thus making a crucial contribution to the efforts to reduce power generation costs for the benefit of both the consumers and the national economy, as a result of the reduced gas consumption levels required to generate the same amount of electric power.
The plant's location in the country's South section guarantees the stability of the National Grid and the minimisation of power losses, as this location is close to the region with the highest power consumption levels in the country. At the same time, the plant's high yield will contribute, among others, to reducing greenhouse gas emissions, while the completion of the Ag. Nikolaos energy centre has helped the expansion of the High Voltage Transmission System with new 400 kV transmission lines.
The first stage of the MYTILINEOS Group's investment plan in the energy sector, involving projects totalling 1 billion in value, will be completed with the entry into trial operation of the Group's third power plant in Ag. Theodori, Korinthia, which is expected to begin commercial operation in the last quarter of 2011.
MYTILINEOS Group is a leading Greek industry active in Metallurgy & Mines, Energy and EPC Projects. Established in Greece in 1990, the Group's holding company, MYTILINEOS HOLDINGS S.A., is listed on the Athens Exchange, has a consolidated turnover in excess of 1 billion and employs directly or indirectly over 2,500 people in Greece and abroad. For more details, please visit the Group's website at: www.mytilineos.gr.
MYTILINEOS Holdings S.A.
MYTILINEOS Holdings S.A.
The MYTILINEOS Group is active in the sectors of Energy, Metallurgy and Mining and EPC projects (Engineering-Procurement-Construction). Since its establishment, in 1990, its development has been outstanding and today it is considered one of the country's leading industrial groups, with significant international activity and listed on the Athens Exchange (ATHEX).
With a workforce of 2,000 employees in Greece and abroad, the Group's hard and fast goal is business excellence, always in accordance with the principles of Corporate Social Responsibility and demonstrating in all its activities its respect for the environment, society and people.
Activities
In metallurgy and mining the Group has established itself as one of the leading groups in S.E. Europe and the Middle East in the sector of production and trading of alumina and aluminium via its subsidiaries, Aluminium of Greece and Delpoi - Distomon.
Moreover, the MYTILINEOS Group has evolved into the leading independent energy producer in Greece through carefully planned strategic partnerships and business decisions. The group activates in this sector via M&M Gas, a company jointly established with MOTOR OIL for the supply and trade of natural gas and PROTERGIA, the company that came into being through the 100% acquisition and operation of ENDESA HELLAS, with its activities including the development and operation of thermal power plants and of renewable energy sources, as well as the trading of electrical power and CO2 emissions.
Regarding EPC projects, the Group has established its presence in the sector through its METKA subsidiary which has developed into the leading EPC Company (Engineering-Procurement-Construction) in Greece and is acknowledged as one of the most specialized and internationally renowned constructors of energy projects in Europe. METKA, which is listed on the Athens Stock Exchange, implements turn-key projects from their engineering and procurement stage to their construction, primarily for combined-cycle, conventional thermal and hydroelectric power plants.
The dynamic business growth of the MYTILINEOS Group is fully aligned with the principles of Corporate Responsibility and Sustainable Growth. For the Group, the concept of Sustainable Growth is synonymous to seeking business excellence while remaining committed to its vision and respecting society, the environment, its people and its shareholders, and to ensuring the harmonious coexistence of its business activities with the needs of the local communities where its operations are located. In this context, the Group is actively supporting major initiatives in the domains of Culture, Education, and the protection of the Environment.
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