Annual Financial Report for the period from 1st of January to the 31st of December 2012
29
Energy Division.
In the domestic energy market, after the significant decrease experienced in the recent three years, the elec-
tric power demand for 2012 has shown signs of stabilization. Regarding production, a rapid growth of RES
generation was recorded, mainly attributed to PV Plants, whose total installed rating grew by more than double
and exceeded 1.100 MW by end 2012. Correspondingly, the system’s threshold limit value (STLV) as set in the
wholesale electric power market experienced a drop in 2012 equal to 4,4% compared to the corresponding
period of the previous year.
Regarding the market deregulation process, major delays are still observed, regarding the introduction of
private generators in the retail market and their access to base units and major hydropower plants.
As regards the MYTILINEOS Group, the commercial service of PROTERGIA plant in Agios Nikolaos and the
KORINTHOS POWER plant in June 2011 and April 2012 respectively, signified the completion of the first phase
of the company’s investment program in the thermal unit sector, which accounts for a total of 1,2GW. Fur-
thermore, the Ministry of Development issued a decision on 17/1/2013 for licensing the commercial service of
the electric power / heat cogeneration plant of ‘Aluminium S.A.’. As of 28/11/2012, the plant in question was
already in « trial operation » status as Distributed High Performance Electric Power / Heat Cogeneration Plant
(trial operation of Distributed HPEPHC) by the market operator, after having signed a supplementary transac-
tion contract, and ensuring the proportional estimation and billing of electric power infused to the grid.
By the end of 2012, the Group has been established as the second largest energy player after PPC and now
boasts a significant share of its turnover as well as its operational profitability from the Energy Sector.
In particular, the effect to the Group’s turnover as well as operational and net profitability during 2012 com-
pared to the previous fiscal year are the following:
Α. SALES
