A strategic cooperation Agreement between ALSTOM and METKA SA, a company of the Mytilineos Group, Greece, has been signed today by MM Patrick Kron, ALSTOM Chairman & CEO, Evangelos Mytilineos, President & CEO of Mytilineos Holdings SA and Ioannis Mytilineos, President of METKA SA.
The two companies have agreed:
To cooperate on new power plants and environmental projects, in the field of marketing, business development, preparation, submission and negotiation of bids and in the event of the award of contracts, in the execution projects.
To cooperate in the field of supporting services to power plants, such as revamping and retrofitting works.
To enter into specific manufacturing agreements of parts integrated to gas and lignite power plants, as well as environmental systems.
This Agreement covers Power Projects in Greece and, after a case-by-case evaluation of the Projects, in the broader South Eastern Europe region. This area includes countries such as Cyprus, Albania, Bulgaria, FYROM, Serbia-Montenegro, Kosovo, Slovenia and Romania.
The new Power Plants Projects in Greece will, in most cases, be led by METKA acting as EPC contractor. With ALSTOM assistance, METKA will prepare future bids, naturally including ALSTOM equipment whenever feasible.
METKA will also be acting as the leader of the Service Projects in Greece covering Boilers and Environmental Equipments, while ALSTOM will lead on Project relative to the main rotating equipments (Gas Turbines, Steam Turbines and Generators).
By this Agreement and in view of the privatization of the energy sector in Greece and the energy developments in the South East European region, the two companies are well positioned to offer complete packages of products and services for the construction of reliable, environmentally friendly new power plants, using natural gas, diesel or lignite as resources, and realize refurbishment services with state-of-the-art ALSTOM environmental technologies in Greece and the SE Europe region.
ALSTOM and MEKTA have been successfully collaborating for more than three decades and this agreement will now strengthen and further develop the synergies between the two companies.
Commenting on this strategic Agreement, Mr. Patrick Kron, ALSTOM Chairman & CEO stated: ?We are very satisfied with this cooperation Agreement with METKA. Joining forces with a reliable power plant contractor will undoubtedly make both of our Companies much stronger in our quest to maximize our participation in the energy market developments in Greece and in its neighboring countries.
This cooperation will be highly served by our unique technologies, which offer key advantages to our customers, both in the public and in the private investors, such as efficiency of plant, environmental efficiency and compliance with EU regulations as well as long term after-sales service provision?.
Mr. Ioannis MYTILINEOS, President of METKA stated: ?We are proud to be the first and only company in Greece securing an agreement of cooperation and potential manufacturing of parts with a world leading company in the power sector. METKA will provide significant input to this agreement and at the same time, benefit in know-how, international quality processes and financial prospects. We will strengthen our ability to offer to our customers a complete portfolio of products & services, as well as contribute immensely in environmentally compliant power plants operating in Greece and the broader region?.
ALSTOM Power is a world leading industrial company for Power Projects with state-of-the-art technologies, engineering capabilities, equipment manufacturing and system integrator. ALSTOM is the world leader in steam power plants and control environmental systems, notably burning brown coal. The company is active in Greece for many decades, and has delivered equipment and systems that support approx 70% of the country?s energy system. In the international market, the power Sector of ALSTOM has a leading posi tion with an installed capacity of more than the 25% of world?s power production. ALSTOM is worldwide active in power and transport infrastructure projects, is present in 70 countries and employs 60.000 people. ALSTOM is listed in the Paris Stock Exchange. www.alstom.com
METKA is a leading industrial company operating in Greece, specializing in the construction of Power Projects as a General Contractor, has manufacturing capabilities for power equipment and has significant experience and technical know-how in energy, environmental and industrial projects in Greece.
MYTILINEOS Group is a principal shareholder of METKA and other affiliated companies in the areas of Energy, Metallurgy & Mining, Defense and EPC Contracting and shall participate in the scope of this agreement.
For further information, please contact: ALSTOM:
Philippe Kasse/Stephane Farhi: Paris Headoffice Tel. + 33 1 4149 2982/3308
Barbara Gangas, ALSTOM Communications Greece , Tel: +30 210 6899 354, barbara.gangas@power.alstom.com
MYTILINEOS Holdings:
Emmanuel Perakis, Mytilineos Group CSR & Communications Manager, Tel.: +30 210-6899301, Fax: +30 210 6877400, e-mail: com@mytilineos.gr