PPC Renewables, a subsidiary of Greek utility PPC, announced in December that it was seeking strategic partners for a 25 MWe/45 MWth CHP-based district heating plant in the northern town of Amyntaio in Macedonia.
Potential partners, which PPC aims to select by the end of this month, are invited to purchase a majority stake in the project and to develop, finance, build and operate the CHP plant.
Also in December, PPC Renewables received an €85m loan from the European Investment Bank to support the repowering of small wind and hydro plants across several Greek islands, as well as the construction of new such plants, for a total of 18 projects.
At the same time, PPC is seeking investors for four geothermal power and heating projects in Greece, with a deadline of March.
In the works are three 5 MW plants and an 8 MW plant. Potential partners are expected to finance, build and operate the plants as well as owning a majority stake in the subsidiary firm that will be created for the project.
According to PPC, six firms have passed the first phase of the selection process including France’s Storengy, Singapore’s KS Orka, Turkey’s Zorlu Enerji Elektrik Uterim, Greece’s Helector and Terna Energy and Enel Green Power Hellas, the Greek arm of Italy’s Enel Green Power.