ENERGY
In the last decade, the MYTILINEOS Group,
through strategic alliances and imple-
menting an innovative €1 billion business
plan in the energy sector, has evolved into
the leading independent energy producer
in Greece. The Group holds an investment
portfolio including both thermal power
plants and Renewable Energy Sources.
Moreover, taking advantage of the syner-
gies available with METKA, MYTILINEOS
Group today has in place broad range
of vertically integrated operations in
the energy sector, which span from the
construction of power plants to the injec-
tion of the electricity produced into the
Transmission Network.
PROTERGIA is the flagship company of
MYTILINEOS Group in the Energy Sector,
bringing under the same roof the man-
agement of all the energy assets and
activities of the Group. Founded in 2010,
the Company came into being through the
100% acquisition and operation of ENDE-
SA HELLAS, the joint venture company the
Group established with ENDESA in 2007.
The eminent and diversified energy port-
folio of PROTERGIA makes the Group the
largest independent producer of electrical
power in Greece. Its portfolio includes
3 thermal power plants, of a total 1.200
MW. Two are located at Agios Nikolaos,
Viota, within the establishments of ALU-
MINIUM, whilst the third is situated next
to the MOTOR OIL establishments, owned
by KORINTHOS POWER SA, subsidiary
of MYTILINEOS (65%) and MOTOR OIL
(35%). PROTERGIA’s current aim is to
continue its investments in the sector of
Renewable Energy Sources, with a goal of
operating 400MW from wind and photo-
voltaic parks till 2015.
The activities of the Company include the
development and operation of thermal
power plants and of renewable energy
sources, as well as to develop business
activities in the wholesale and retail elec-
tricity markets, to participate in the mar-
ket for CO
2
emissions trading, and to ex-
pand in the future to the energy markets
of neighbouring countries.
With 2010 as a founding year, M&M GAS
has been jointly established by MYTI-
LINEOS and MOTOR OIL for the supply
and trade of natural gas (both liquefied
and non liquefied). The Company’s aim is
sourcing natural gas to cover the needs
of both companies on competitive terms,
as well as supplying natural gas to third
parties.
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