21.01.19
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Energy  - Hydroelectric Station at Theodoriana (4 MW)   
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MICHANIKI has completed the first private hydroelectric project in Greece by delivering a 4 MW hydroelectric plant at east Tzoumerka.

The commercial supply of electrical power started in December 2003 for a ten-year period. The investment amounted to 7.6 million euros and the estimated revenues from the sale of electrical power are over one million euros annually.

For the year 2006 the revenues from the Electricity sold, amounted to 1.2m euros, while the pre-tax profit stood at 700 thousand euros.







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