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MYTILINEOS GROUP
SUSTAINABILITY REPORT 2011 |115
Economic Value Table
2010
2011
Turnover (€)
11,693,016
129,959,294
Economic value created
11,693,016
129,959,294
Operating costs (€)
13,026,998
5,862,254
Employee salaries and benefits (€)
3,724,960
2,564,165
Payment of income tax & other taxes (€)
2,811,979
30,057,580
Payments to capital providers (€)
3,386,709
4,116,611
Investments in local communities (€)
209,249
66,234
Economic value distributed
13,159,895
42,666,844
Economic value distributed
112.5%
32.8%
Economic value retained
-12.5%
67.2%
Key Financial Fingures
MYTILINEOS Group is active in the energy sector through its participation in wholly-owned subsidiaries such as PROTERGIA S.A., KORINTHOS POWER S.A. and
ALUMINIUM S.A.
PROTERGIA S.A., a wholly-owned subsidiary of MYTILINEOS Group, is an ambitious venture of by a strong Greek industrial Group which envisioned the potential
for the energy sector in Greece and the catalytic role that a Greek business could have in it. PROTERGIA S.A. is the company which brings under the same roof all
assets and activities of MYTILINEOS Group in the energy sector.
Headquartered in Maroussi, PROTERGIA S.A. was established in 2010. It is already the largest independent thermal energy producer in Greece and its goal
is to achieve a similar status as an independent energy producer in the RES sector. The Company owns or manages, directly and/or on behalf of other Group
subsidiaries, a substantial portfolio comprising thermal and RES plants in operation or under construction or development, which include:
1. A total of 1.2 GW from thermal plants in operation:
a) One 444 MW Gas-fired Combined Cycle Thermal Power Plant (IPP), owned by PROTERGIA S.A., in the Energy Complex of Ag. Nikolaos (Viotia). The plant
operates since January 2011.
b) One 436 MW Gas-fired Combined Cycle Thermal Plant (IPP), owned by KORINTHOS POWER S.A., in Ag. Theodori (Korinthia). The plant operates since October
2012.
c) One 334 MW Gas-fired Combined Heat and Power Plant (CHP), owned by ALUMINIUM S.A., operating in the Energy Complex of Ag. Nikolaos (Viotia).
The plant was connected to the National Grid in April 2008.
2. A total of 54 MW from RES plants in operation (36 MW from Wind Farms, 6 MW from Small Hydropower Plants, and 12 MW from Photovoltaic Parks).
3. More than 1,000 MW from RES plants (primarily Wind Farms) in various stages of development.
4. Trading licence for 310 MW of electricity.
5. Greenhouse gas emissions trading platform.
6. Natural Gas Management.
The Company is applying a Quality Management System in accordance with the ISO 9001:2008 International Standard.
Energy Sector:
«Protergia S.A.»
