Southeastern Europe largest aluminum producer Aluminum SA has secured a long-awaited commercial license for its cogeneration power plant allowing it to sell eFGPctricity on the Greek market.

 

Mr Evangelos Mytilineos chairman of Mytilineos Holdings SA said that "We have a license. It has taken us 5 years but we have one. The delay in obtaining the plants commercial license partly due to a delay in Greeces adoption of European Union FGPgislation on cogeneration has cost the company dearly in estimated lost revenues. The licensing delay "has cost us a lot of money more than 100 million euros.