Thursday, January 11, 2018

Greece: PPC Seeking Investors for Four Geothermal Power and Heating Projects

Greek firm set to develop CHP, geothermal, hydro and wind projects (decentralized energy)

A Greek renewables firm is seeking partners to develop a biomass-fired combined heat and power (CHP) plant along with four geothermal plants.

PPC Renewables, a subsidiary of Greek utility PPC, announced in December that it is seeking investors for four geothermal power and heating projects in Greece, with a deadline of March.

In the works are three 5 MW geothermal power plants and an 8 geothermal power MW plant. Potential partners are expected to finance, build and operate the plants as well as owning a majority stake in the subsidiary firm that will be created for the project. The company website lists exploration on Milos – Kimolos in the Polyaigos islands group, Nisyros island, Lesvos island and at Methana peninsula (on the mainland).

According to PPC, six firms have passed the first phase of the selection process including France’s Storengy, Singapore’s KS Orka, Turkey’s Zorlu Enerji Elektrik Uterim, Greece’s Helector and Terna Energy and Enel Green Power Hellas, the Greek arm of Italy's Enel Green Power.