Construction of the new electrical power plant set to begin - Utilizing General Electric cutting-edge technology

Athens, Greece - 17 July 2019 –One of the largest natural gas fired powered combined cycle (Combined Cycle Gas Turbine – CCGT) power stations in Europe is set to enter the construction phase. After completing all the required permitting procedures MYTILINEOS (RIC: MYTr.AT, Bloomberg: MYTIL.GA), leveraging off the expertise of its EPC Business Unit (under the brand name “METKA”), will begin construction within the fourth quarter of this year.

The 826MW new CCGT station will be constructed within the company’s Energy Center in Aghios Nikolaos, in the Voiotia region of Central Greece. As a contractor, METKA has already undertaken and successfully completed numerous CCGT station projects around the world, thus guaranteeing both the speed and quality of construction.
 
The station will be operated by a GE H-Class gas turbine with a thermal efficiency of more than 63%, rendering the plant as the most efficient across Europe. 
 
The projected investment cost will be €300m. The new job creation will be mainly covered by local regional residents, as per MYTILINEOS’ standard practice.
 
The commissioning of the new plant is estimated toward the 4th quarter of 2021. 
 
With the addition of this plant, the total production capacity of MYTILINEOS will exceed 2000MW (excluding RES capacity), thus contributing significantly to the country’s energy security, but also to neighboring countries, subject to power exports under the new European framework (target model).
 
In addition, MYTILINEOS supports the effort to reduce greenhouse emissions and the country’s aim toward “clean” energy through the use of natural gas. Natural gas emits less greenhouse gases than any other conventional fuel, while a CCGT station is estimated to emit less than 25% of that of a thermal lignite-powered unit.

 

For more details, please contact: 

Ms. Antigoni Fakou: MYTILINEOS Press Office Tel. +30 210-6877346 | Fax +30 210- 6877400  E-mail Antigoni.Fakou@mytilineos.gr

About MYTILINEOS:

MYTILINEOS S.A. is a leading Greek industrial company active in Metallurgy, Power & Gas and EPC & Infrastructure Projects. Established in Greece in 1990, the Company is listed on the Athens Exchange, has a consolidated turnover in excess of €1.5 billion and employs directly and indirectly more than 2,900 people in Greece andabroad.

For more information please visit: www.mytilineos.gr| Facebook| Twitter| YouTube| LinkedIn

 

 

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