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2014-2017

Licensing Agreement on Research into and Operation of the State Lignite Mine in Florina, Greece

December 2014

Aktor and the Greek Ministry of Environment, Energy and Climate Change, have entered into the "Licensing Agreement on Research into and Operation of the State Lignite Mine in the Vevi area in the Regional Entity of Florina".
The conclusion of the Licensing Agreement is the last part of a series of procedures required for the re-operation of the lignite mine in Vevi which is to be fully completed by virtue of the ratification of the Agreement by the Greek Parliament.
The re-operation of the Vevi lignite mine in Florina is of significant importance both at a local level and nationwide, since it further ensures the energy sufficiency of the country.
The re-operation of the lignite mine will create nearly 500 full-time employment positions and nearly 2,000 indirect employment positions.
The Agreement concerns the mining of 120 million tonnes of lignite and also enables the exploitation of neighbouring DEI (Public Power Corporation of Greece) deposits.
The Agreement provides, among others, initial term of licensing for 15 years as well as projects for the protection of the environment.

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