15 MARCH 2013English.capital.gr
Aluminum SA secures commercial license for power plant
Edited by : AL CIRCLE
1 min read
Southeastern Europe?s largest aluminum producer Aluminum SA has secured a long-awaited commercial license for its cogeneration power plant, allowing it to sell electricity on the Greek market, the chairman of the conglomerate that owns the company said.
"We have a license. It has taken us five years, but we have one," Mytilineos Holdings SA Chairman Evangelos Mytilineos said according to press reports citing Dow Jones Newswires.
The delay in obtaining the plant?s commercial license--partly due to a delay in Greece?s adoption of European Union legislation on cogeneration--has cost the company dearly in estimated lost revenues, said Mr. Mytilineos.
The licensing delay "has cost us a lot of money--more than 100 million euros," said Mr. Mytilineos.
"We have a license. It has taken us five years, but we have one," Mytilineos Holdings SA Chairman Evangelos Mytilineos said according to press reports citing Dow Jones Newswires.
The delay in obtaining the plant?s commercial license--partly due to a delay in Greece?s adoption of European Union legislation on cogeneration--has cost the company dearly in estimated lost revenues, said Mr. Mytilineos.
The licensing delay "has cost us a lot of money--more than 100 million euros," said Mr. Mytilineos.
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