Greece’s PPC Renewables is seeking a strategic investor to help it develop a biomass combined heat and power (CHP) plant in the north of the country.
The firm has issued an invitation for companies interested in participating in the proposed 25 MWe, 45 MWth plant as a strategic partner. The plant would be the largest of its kind in Greece and would be located in Amyntaio, Florina, in the region of Western Macedonia.
PPC Renewables says that the strategic partner would be required to take a majority stake in a project development company, as well as provide finance for the project through debt and/or equity.
It would also be responsible for overseeing design, contracts, construction and installation of the biomass CHP plant, as well as operation, maintenance and fuel procurement.
PPC Renewables added in a company statement that the biomass plant would be installed at a site adjacent to an existing PPC power plant and would use existing facilities for connection to the electricity and district heating grids.