ALUMINA & ALUMINUM
In the Metallurgy sector, AoG has been established as the strongest vertically integrated aluminium producer in SE Europe. Despite the unfavourable conditions that prevail in the commodities market, the prudent risk-hedging policy followed by the Group, combined with the drastic curtailment of key cost components, have put in place the conditions to enable the largest Greek industry -in terms of value added- to emerge intact from yet another crisis.
ENERGY
In the Energy Sector, the Group's investment plan is being accelerated considerably, as the 334 MW co-generation plant, one of the most modern plants of its kind in Europe, has already entered into operation since April 2009 and is contributing significant amounts of electrical power to the national system. In addition, the second combined-cycle 444 MW power plant in Agios Nikolaos (Viotia) is now at an advanced construction stage and cold-commissioning is scheduled to take place during the 2nd quarter 2010, while the Group has also launched the construction of a third 437 MW plant in Agioi Theodoroi, in collaboration with MOTOR OIL. The Group is also strongly active in the RES sector, where its total operational capacity now stands at 45 MW, with 26 MW being under construction and another 800 MW in various licensing stages. All the above help make feasible the Group's goal of an installed operational capacity of more than 1,800 MW by the year 2013, which will allow it to make a positive contribution to the efforts to address the deficit in the country's supply of power, while at the same time realising its vision of creating the largest independent producer of electrical power in Greece.
EPC
Having established itself as a specialist contractor for EPC energy projects in Greece, METKA is now expanding dynamically to competitive markets abroad. The signed backlog of METKA today, after the recent signature of the contracts in Syria and Turkey, stands at €2.2 billion which sets an all time record high. The company expects its sales abroad to reach some €1.3 billion during the next three years, a development signalling METKA's establishment as a reliable international player in the EPC Projects sector and one of the largest exporting companies in the Greek economy.