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
George Floras, Managing Partner
gfloras@beltandroadassociates.comContact Us