Greece-based Terna Energy S.A, a subsidiary of GEK Terna Group, has announced that it has via a subsidiary "Aeiforki of Epirus" signed a Public-Private Partnership (PPP) agreement with the Region of Epirus to realise the Municipal Solid Waste Treatment Plant project. The PPP provides for the study, licensing, financing, construction, and insurance of the plant as well as a 25-year operations and maintenance (O&M) contract.
A vertically integrated renewable energy project developer, financier, and operator, Terna Energy is to build the plant in the Epirus Region of Greece. According to a statement, the plant will have the capacity to treat 105 000 tonnes per annum of municipal solid waste (MSW) through the Sewage Treatment Plan (STP).
An estimated 17 000 tonnes of material will be recovered through recycling with the biowaste used to provide green energy. Construction is estimated to take 18 months after which the O&M contract. The entire project investment is estimated to be around EUR 52.6 million.
In a separate statement today, the company also announced that it had reached a cooperation agreement with the European Investment Bank (EIB) for the financing of the company’s investment programme via funds amounting to EUR 24 million with Eurobank Ergasias as co-lender. The loan is part of the Investment Plan for Europe, as known as the “Junker Plan” and will be utilised for the financing of the company’s investment programme
The loan is part of the Investment Plan for Europe, also known as the Junker Plan and will be utilised for the financing of the company’s investment programme targeting the development and operation of renewable energy projects in Greece.
Currently, the Group has 786 MW installed capacity in renewable energy installations in Greece, the US, Poland and Bulgaria with another 194 MW under development or construction.
