Two investment schemes, Helector SA, a member of the Ellaktor group, as well as a team comprised of Terna Energy and sister company Terna Aioliki Xerovouniou SA, have submitted binding second-round bids to an international tender staged by PPC Renewables for a strategic partner in the installation of power stations to utilize four geothermal fields.
The tender’s deadline for second-round offers expired on June 1. A total of six teams had expressed first-round interest.
PPC Renewables plans to establish a joint venture with its prospective strategic partner to develop geothermal power stations of at least 8 MW on Lesbos and 5 MW at each of the other locations. [The company website lists exploration on Milos – Kimolos in the Polyaigos islands group, Nisyros island, Lesvos island and at Methana peninsula (on the mainland).]
PPC Renewables intends to soon launch exploratory drilling procedures at its own expense. These drilling endeavors are planned to run concurrently with the ongoing selection process for a strategic partner.
Officials at PPC Renewables believe the reluctance, if not outright opposition, of residents on some of the islands to the geothermal plan will subside once islanders are fully informed of technological advancements in the sector, preventing environmental impact. Locals reacted back in the 1980s against an initiative for the development of a geothermal field on Milos.
From the Global Geothermal News archives:
- Thursday, January 11, 2018 - Greece: PPC Seeking Investors for Four Geothermal Power and Heating Projects
- Wednesday, September 6, 2017 - Greece: Chinese Bank to Help Develop Geothermal Energy Projects
- Tuesday, August 8, 2017 - Greece: Wide Interest in Developing Geothermal Power Plants
