MICHANIKI S.A.

Karpenisiotis Hydroelectric Power Station.

Michaniki Group of Companies announces that it has received from the Regulatory Authority for Energy the authorization license for the production of electric power from the Karpenisiotis Hydroelectric Power Station.
The Power Station that is going to be constructed in Evritania Prefecture (Central Greece) will have a power capacity of 5.4 MW while the annual electricity output is estimated at 22GWh. The annual sales of electric power will amount to ? 1.7 m.
The budget for the construction of the Hydroelectric Power Station is estimated at 9 million euros.