News

17
July
2019
Construction of the new electrical power plant set to begin
Athens, Greece - 17 July 2019 – One of the largest natural gas fired powered combined cycle (Combined Cycle Gas Turbine – CCGT) power stations in Europe is set to enter the construction phase. After completing all the required permitting procedures MYTILINEOS (RIC: MYTr.AT, Bloomberg: MYTIL.GA), leveraging off the expertise of its EPC Business Unit (under the brand name “METKA”), will begin construction within the fourth quarter of this year. The 826MW new CCGT station will be constructed within the company’s Energy Center in Aghios Nikolaos, in the Voiotia region of Central Greece. As a contractor, METKA has already undertaken and successfully completed numerous CCGT station projects around the world, thus guaranteeing both the speed and quality of construction.
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17
May
2019
New “turn key” project for the construction of the EHV GIS 400kV / 150kV in Corinth for IPTO
Athens, Greece - 17 May 2019 - MYTILINEOS S.A. ΑΕ. (RIC: MYTr.AT, Bloomberg: MYTIL.GA) announces the signing of the CMP contract – 99595/2019 with IPTO SA (Independent Power Transmission Operator) in a consortium with the Chinese Sieyuan Electric Co. Ltd. The project refers to the construction of the new Extra High Voltage Center in Corinth and is one of the main projects of the "Corridor B" of the Expansion of the 400 kV System to the Peloponnese. This particular project, combined with the "Corridor A" projects, will eliminate the network overload of Peloponnese. The contract includes the engineering, procurement of materials and turnkey construction of the EHV GIS 400kV / 150kV in Corinth, equipped with 400/150kV kV GIS equipment installed in buildings, two 400/150/30kV/ autotransformers, 280/280/60MVA each, with the corresponding 30kV, 50MVAr Shunt Reactors, installed outdoor and automatic digital protection and control system. In addition to the construction of the project, MYTILINEOS also undertakes the contract for the maintenance of the digital control and protection system of the GIS for ten (10) years, after the Provisional Acceptance of the project. The contract for the project was signed on May 16 and its duration will be 26 months from the date of signing. The value of the contract is 20,6 million euros. This is the first project undertaken by MYTILINEOS for IPTO.   For more details, please contact: Ms. Antigoni Fakou: MYTILINEOS Press Office Tel. +30 210-6877346 | Fax +30 210-6877400 | E-mail Antigoni.Fakou@mytilineos.gr   About MYTILINEOS: MYTILINEOS S.A. is a leading Greek industrial company active in Metallurgy, Power & Gas and EPC & Infrastructure Projects. Established in Greece in 1990, the Company is listed on the Athens Exchange, has a consolidated turnover in excess of €1.5 billion and employs directly and indirectly more than 2,900 people in Greece and abroad. For more information please visit: www.mytilineos.gr | Facebook | Twitter | YouTube | LinkedIn
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10
April
2019
MYTILINEOS S.A. reports 2018 Full-Year Financial Results
See the Results for 2018 in detail here in Greek (GRE) and in English here (UK)
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1
November
2018
Protergia collaborates with Eurolife ERB to offer insurance coverage to household customers
A new dynamic cooperation has been recently launched by Protergia, the Energy Business Unit of MYTILINEOS, with Eurolife ERB insurance company, to provide its customers with quality and comprehensive services adapted to contemporary needs. This collaboration aims to develop the PROTERGIA BENEFIT program, an umbrella of value added services for Protergia household customers, covering, among others, insurance-related needs of their home (e.g. flood, fire, earthquake, theft, damage, etc.). Starting today, the first value added service to be offered by Protergia to its customers will include insurance coverage against household risks, irrespective of whether they are owners or tenants. Download file
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30
July
2018
Provision of aid to those affected by the wildfires in Attica
It is with great sorrow and grief that all MYTILINEOS employees pay their condolences for all the human losses and stand by the side of all those affected by the national disaster of the wild forest fires that broke out on 23 July 2018 in Attica, Greece.   Download the Document
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28
March
2017
2016 Full - Year Financial Results
Following the announcement, in 2016, of its forthcoming corporate transformation, MYTILINEOS Group entered a new phase in its evolution, through a new, flexible organisational structure that will result in business synergies in both operational and financial terms and will create additional value for its shareholders. At the same time, in 2016 the Group strengthened significantly its presence in the domestic electricity market, secured the position of ALUMINIUM OF GREECE (AoG) as one of the most competitive aluminium producers globally and succeeded in opening up new markets for its EPC Projects Sector. With regard to its financial performance in 2016, the Group posted a consolidated turnover of €1,246.1 million against €1,382.9 million in 2015, a decline due primarily to the reduced contribution of the EPC Projects Sector. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at €222.4 million, down from €234.4 million in 2015, with net profit after tax and minority rights standing at €34.2 million against €47.5 million in the previous year.  Download the document  
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