Energy minister Kostas Skrekas has revoked an older decision terminating the Greek State’s lease contract with Achlada Mining S.A. for the exploitation of a lignite mine in northern Greece’s Achlada area.
This decision will enable the mine’s reopening and ensure the nearby Meliti lignite-fired power station operates at full capacity to help the country secure energy sufficiency amidst the energy crisis.
Achlada Mining S.A. had had its Achlada mine license terminated after failing to meet lease contract payments.
In the lead-up to the minister’s decision to revoke the termination of Achlada Mining S.A.’s lease contract with the State, the company covered just over 10 percent of its 5.69 million-euro debt owed to the Greek State, making a payment of 659,867 euros in September.
The energy ministry has given Achlada Mining S.A. a 60-day period to deliver the rest of the amount, approximately 5 million euros. This debt concerns older lease amounts from 2017.