The Mytilineos group will develop a cogeneration plant in the North Macedonia region with 50 million euros in state support, under a legislative proposal submitted by the government in January.
This investment qualifies as a strategic investment and, as a result, stands to benefit from the relevant legislation. It will also secure a guaranteed price for energy produced.
The heat and power plant will have an electrical capacity of 90-105 MW plus 135-150 MW of thermal energy. Its annual electricity production is expected to amount to roughly 1,150 GWh with corresponding thermal energy production reaching 275 GWh.
An agreement for the purchase of the energy produced is expected to be established within three months of the signature of the state aid agreement.