The Agios Nikolaos project with a power capacity of 93 MW will have an annual electricity output of 300 GWh. It is budgeted at 147.0 million euros. According to the current price of KW, the estimated revenues of the Company from selling electrical power are forecasted at 20 million euros annually.
From a technical point of view the Agios Nikolaos plant will have an 86 m high dam spanning 426 m with the water level between 215 and 240 m. The plant will also feature two diversion tunnels of 266 m. and 297 m. long with a diameter of 8.5 m each, a power tunnel from the dam to the Hydroelectric Station's main building 7,200 m long and 6.0 m wide. The Hydroelectric Station's main building will have a power output of 90 MW and will be located northwest of Pteri village. Another small hydroelectric station of 3.0 MW will be installed in the bottom outlet of the project.
MICHANIKI has already being granted by the Energy Committee the approval of energy production, by the Ministry of Environment, Physical Planning and Public Works the initial environmental evaluation compliance and the approval of the installation license while more recently the company was informed on the joint decision from the Ministries of Environment, Physical Planning and Public Works, Development and Agricultural Development for the approval of the environmental compliance that has to be validated by the State Council. This last decision is the more important for receiving the final installation license and the realization of the project. Right after the affirmative decision of the Greek State Council, there will be the initiation of the project construction.