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Electric Power

Electric Power

MYTILINEOS expanded its activities to the Electric Power sector in 2001 and during the last ten years, the Company has been established as the dominant independent energy producer in Greece, by carrying out a €1 billion investment plan in energy assets and taking on a leading role in the deregulation of the Greek energy market, which opens up significant prospects for Greek businesses and the Greek economy at large. The vision of unlocking the potential of the energy sector in Greece is a priority for MYTILINEOS.

The Company has a broad range of vertically integrated operations in the energy sector in place, from the construction of power plantsto the trade of natural gas and the injection of the electricity produced into the national grid.

MYTILINEOS is the largest independent electricity producer in the country, with 1200 MW from thermal plants in Greece and a portfolio of over 130 MW from Renewable Energy Sources (RES) projects which covers more than 14% of the country's active and licensed installed thermal capacity. Protergia is also active in the retail supply of electrical power aiming to provide electricity to businesses, professionals and households, responding to the customers’ needs for competitive prices and modern, reliable services.

As an electricity producer established through private investments in cutting-edge power plants, Protergia boasts an in-depth knowledge of the electricity market and is constantly carrying out environmentally friendly investments, helping to bolster employment and the national economy.

The Company aims to build and retain a dynamic and balanced portfolio of energy assets, to enter the domestic wholesale and retail electricity markets, to participate in the CO2 emissions trading market, and to expand to the energy markets of neighbouring countries.

The company’s portfolio of thermal plants represents a total installed capacity of 1.2 GW in operation:

  • 444.48 MW – Gas-fired Combined Cycle Thermal Power Plant (CCGT), owned by MYTILINEOS, in the Energy Complex of Ag. Nikolaos (Viotia)
  • 436.6 MW – Gas-fired Combined Cycle Thermal Power Plant (CCGT), owned by KORINTHOS POWER S.A., in Ag. Theodori (Korinthia)
  • 334 MW – Gas-fired Combined Heat and Power Plant (CHP), owned by MYTILINEOS, in the Energy Complex of Ag. Nikolaos (Viotia).

For more information, please visit PROTERGIA, the brand name of the MYTILINEOS Electric Power sector.