Renewables

PPC Renewables invites bids to build, operate 10 MW wind farm

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Published

July 26, 2018

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Published:

July 26, 2018

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Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), has invited bids for the design, procurement, transportation, installation, and commissioning of a 10 MW wind farm on the Ionian island of Kefalonia.

The would-be wind farm contractors are to submit their offers by September 10. The estimated project value is EUR 9.4 million, not including VAT.

The future contract would also cover operation and maintenance services over 14 years, and the indicative budget for this is EUR 3.47 million, not including VAT.

Helector selected as top bidder for geothermal partnership

PPC Renewables has meanwhile selected Greece’s waste-to-energy producer Helector, part of the Ellactor group, as the highest bidder for a strategic partnership in the field of electricity production from geothermal sources.

A consortium comprising Greek renewable energy company Terna Energy and sister company Terna Aioliki Xerovouniou, was selected as the reserved bidder for the acquisition of 51% of the share capital of the special purpose vehicle (SPV) for the development of geothermal power plants.

The two bidders had placed the only two second-round binding offers and later improved them.

The signature of the transaction documents and the closing of the transaction is subject to a series of approvals and conditions, PPC Renewables said in a news release.

PPC Renewables launched tendering to select the strategic partner for the installation of power stations to utilize four geothermal fields about a year ago.

PPC Renewables’ project envisages setting up a joint venture with the strategic partner to develop geothermal power stations of at least 8 MW on the island of Lesbos and 5 MW each at the other three locations.

In the first round, binding bids were also submitted by Enel Green Power Hellas, France-based Storengy, Singapore’s KS Orka, and Zorlu-Turboden, a Turkish-Italian joint venture, according to earlier reports.

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