Greece: Electricity supply deal between PPC and Mytilineos Group

, SEE Energy News

State-controlled Public Power Corporation (PPC) and Mytilineos Group have signed the agreement on the supply of electricity for the Group’s aluminium producer Aluminium of Greece (AoG).

The agreement rubber-stamps the cooperation of two leading companies and their commitment to competitive electricity costs for the energy-intensive industry, in the context of the national industrial policy to safeguard the competitiveness of Greek companies to the benefit of the national economy.

This will be the last electricity supply contract between the two companies after 60 years of uninterrupted cooperation as Mytilineos is committed to reduce emissions by 30 % in all its activities by 2030 and to achieve climate neutrality by 2050. By 2030, Aluminum of Greece will cover all of its electricity needs with RES.

The termination of further cooperation is due to the aluminum company’s option to get its energy needs covered by the new natural gas-fired unit currently under construction near the AoG plant, and from the renewable energy source facilities the company is creating. The gas plant’s capacity will be able to cover three times AoG’s needs.