Waste to energy project in Greece

Created on: 20 Mar 2018 Last updated: 24 Apr 2018

Project Location: Europe and Central Asia

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

Disclaimer

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.

Waste to energy project in Greece

Project Description

Disclaimer

Source

Contact

More Deals More