Athens, Greece - MYTILINEOS S.A. (RIC: MYTr.AT, Bloomberg: MYTIL.GA, ADR: MYTHY US) through its Sustainable Engineering Solutions (SES) Business Unit, in Consortium with Siemens Energy Global GmbH & Co. KG and Siemens Energy sp. z o.o., undertakes the construction of a combined-cycle gas turbine (CCGT) power plant project in Grudziadz, Poland.
Specifically, the Consortium has signed an Engineering, Procurement and construction (EPC) contract with SPV CCGT Grudzi?dz Sp z o.o. (owned entirely by Energa S A, part of Orlen Group) to construct an efficient power plant in combined cycle technology (CCGT) of net electric power in the range of 560 MW, consisting of one gas turbine and one condensing steam turbine, using a closed, wet mechanical draft cooling tower arrangement and construction of a gas installation in the Power Plant area with accompanying infrastructure.
The CCGT is expected to enter commercial operation in 38 months after the signing of the contract.
Kostas Horinos, Director Power, LNG/GAS, Industrial, T&D of MYTILINEOS' SES Business Unit, stated after the signing of the contract: 'We are excited to partner yet again with Siemens Energy, for an ambitious project in Poland, that will boost the country's energy system, providing stability and independence. MYTILINEOS' SES Business Unit has a vast experience in the construction of state-of-the-art CCGTs, both for other parties and for the company itself, helping countries and entities to reduce greenhouse emissions towards a more 'clean' future.'
Energa Group is one of Poland's largest energy companies and one of the largest electricity suppliers in the country. Its core activities include the generation and distribution of and trading in electricity and heat, as well as gas trading.
'The ORLEN Group is building a modern and low-carbon energy segment that will increase Poland's independence and security. Development of gas power generation, combined with growing production from ORLEN Group's own sources, is a guarantee of stable and economical production. In Grudzi?dz, with the cooperation of proven partners, a modern CCGT unit will be built, complementing the portfolio of renewable energy sources being developed at the ORLEN Group,' says Daniel Obajtek, President of the PKN ORLEN Management Board, temporarily acting as President of the Energa Management Board.
The contract price for MYTILINEOS amounts to app. 202 milion Euros.
This is the first energy project for MYTILINEOS' Sustainable Engineering Solutions Business Unit in Poland, following a long and successful series of construction of thermal projects in Europe, Asia and Africa.
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