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Operation

The Operation Company has basically three main sections.

Technical Operation

The power plant runs on a 24hrs basis throughout the year in three shifts of each 8hrs. The Plant Manager who is typically an engineer, reports to the CEO, is backed up by two Chief Technicians, one is responsible for the mechanical, the other for the electrical operation. In every shift there are one skilled mechanical and one skilled electrical technician on duty. This team, led by the Plant Manager, is in charge to run the plant with the highest degree of availability possible within the performance criteria for efficiency and power production. The Plant Manager keeps a close contact with the respective team of manufacturer who monitors the plant remotely on line and they decide actually in real time when and if the operation needs any changes or adjustments.

Financial and Administrative Operation

The whole financial operation of the company, run by Financial Manager, who holds typically a degree in Management/Finance, reports to the CEO. This department is in charge for following income and payments, keeps basically the accounting of the plant and submits daily operational and financial reports There are invoices to be prepared for sales to the grid and for sales to the private customers as well, which are based on remotely monitored meters and indexes to determine the amount of power delivered. There are on the other side some taxes, with a considerable amount of paperwork, charged to customer invoices which in turn are to be paid to municipalities, grid operator, VAT etc.

This department handles personnel affairs and collects performance reviews as well.

Marketing and Sales Operation

Marketing Manager, runs this department with a Marketing degree and some technical background of power sector, reports to CEO. There are mainly two channels of sales.

The first channel is the Daily Market (PMUM), which works very similar to Leipziger Börse in Germany. Every day, there are 24 prices and quantities to be quoted for every hour of the coming day until 11.00 hrs, at 14.00 hrs. The grid operator TEIAS, which runs the system, working on a marginal pricing system, informs the bidder about the price and quantity it is going to buy for respective hours of the coming day. The know how needed in this process is to estimate the price and quantity for the next day in order not to get penalties for over production or under the limit delivery. Alterna has gained invaluable know how in the past three years by operating a gas powered combined cycle power plant .

The second channel is private customers, who are interested to buy power directly from producers using the national grid. This case has free pricing system, to be agreed upon between producer and the buyer and runs typically between 3 months and 1-year maximum. This channel requires profound marketing work and is an important tool for the strategically management of the company.