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

Photo: Pixabay


July 26, 2018






July 26, 2018





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.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Gas interconnector Greece Bulgaria commercial operation October 1

Gas interconnector Greece-Bulgaria to start commercial operation on October 1

29 September 2022 - Greece and Bulgaria issued operating permits for the interconnector between the two countries' gas networks

Solar power inaugurated Zlatolicje hydropower Slovenia

Solar power plant inaugurated at Zlatoličje hydropower plant in Slovenia

29 September 2022 - The first part of the 30 MW Zlatoličje-Formin solar power plant in Slovenia has entered regular operation

Suzlon Energy BH starts construction of the Ivan Sedlo wind park

Suzlon kicks off construction of wind farm in Sarajevo Canton

28 September 2022 - BiH has so far built two wind power plants, Mesihovina and Jelovača, and projects with a total capacity of 2.2 GW are in the pipeline

Romania Nuclearelectrica joint venture small modular nuclear reactors

Romania’s Nuclearelectrica launches joint venture for small modular nuclear reactors

28 September 2022 - Nuclearelectrica and Nova Power and Gas launched RoPower Nuclear, a project firm for the development of small modular reactors in Romania