Waste to energy project in Greece

Created on: 20 Mar 2018 Last updated: 24 Apr 2018
Project Location
Greece
Primary Industry
Clean Energy
Investment Type
Others

Project Description

LOCATION

Rhodes Island Southern Aegean Sea, Greece

INVESTMENT COST

TOTAL COST OF INVESTMENT                       90.000.000€

Plasma Gasification                                  40.017.602€

Electric generators                                    17.351.509€

Main & Support Buildings                      13.710.314€

Assistant Installations                              9.070.512€

Project Management                              3.846.143€

Connection to electricity grid                         2.979.552€

Engineering                                        2.340.359€

Various expense                              447.761€

Plot purchase                                             236.247€

FINANCIAL PLAN

30% Equity

70% Bank Loan

12 years tenor

2 years construction period

4% final interest

6 months grace period

3-months installments

REVENUE RESOURCES

Total Revenues                                          28.690.235€

Electric Power                                             16.137.000€

Thermal power                                           4.600.000€

Gate fee                                              4.000.000

Products produced                                   2.900.000€

Scrap                                                     660.735€

Industrial wastes                              392.500€

DESCRIPTION OF PROJECT

The purpose of the project is the development of a plant with total capacity of 22MW (electrical) and of 38MW thermal power heat using urban waste in the island of Rhodes, Southern Greece.

PROJECT DATA

·         Almost 100.000 ton annually of solid wastes

·         Production of electric power to network is 165.000kWh annually

·         Feed in Price at 97,80 €/kWh (85€/MWh + 15% thermal energy to grid per KWh)

·         Guaranteed through PPA for twenty years according to law 4414/2016

·         Production of thermal power to network is 115.000kWh annually

·         Selling price at 40,00 €/kWh

MAIN MACHINERY & FACILITIES

Gasification – plasma torches: 336tn/hour

Gas processing cost (syngas) & exhaust gas processing

Electric production 22MW

Tele heating network 36kW-tn 5.500m

Voltage lifting substations for network distribution

OPEX

Total cost of operations:                                            5.901.711€

Maintenance:                                                                2.067.167€

Staff cost:                                                               1.592.867€

Utilities:                                                          924.943€

Project Insurance cost:                                                       516.792€

Renewable sources fee:                                           555.964€

Administrative:                                                             168.958€

Marketing:                                                            75.020€

Adjustment per year

Staff Cost 1%

Administrative 1%

TECHNOLOGY

1.       Plasma gasification technology

2.       Main advantages of plasma gasification are:

·         The reduction of construction of new landfills

·         Zero methane emissions

·         Zero danger to pollute the aquifer

·         High performance and effective use of raw materials

FINANCIAL DATA

Assumptions

Income tax                                          29%

Reserves                                              5%

Contingencies                                             1% of Net Sales

Depreciation method                               Constant rate

Inflation rate                                       1,3%

Results & Indexes

CAPEX                                                   90.000.000€

OPEX                                                     5.901.711€

Net Sales                                             33.376.945€

EBITDA                                                 27.141.464€

EBITDA margin                                            81,31%

GPR                                                       82,32%

NPR                                                       45,52%

DSCR                                                     3,14

IRR                                                20,01%

WACC                                                   5,32%

NPV                                                       140.895.963€

Payback period                                          6 years

Cost of Equity                                             11,10%

CONTACT DETAILS

George Floras

BELT AND ROAD ASSOCIATES MANAGING PARTNER

email: gfloras@beltandroadassociates.com

skype: gfloras1 WeChat ID: gfloras

tel. +306974910050

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Source

BELT AND ROAD ASSOCIATES

Contact

Location
ATHENS, GREECE
Email

George Floras, Managing Partner

gfloras@beltandroadassociates.com
Tel
+306974910050

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