TERNA Energy and the Region of Peloponese on Friday commenced the initiation of the construction phase of an Integrated Waste Management of the Region of the Peloponnese. The 152-million-euros investment agreement was signed by Peloponnese Regional Governor Panagiotis Nikas, the CEO of TERNA Energy Manolis Maragoudakis and the CEO of the Perivallontiki of Peloponnese George Agrafiotis.
The project is the largest PPP on waste management in the country and for the most part implements the Waste Management Regional Plan of the Peloponnese Region while also operating alongside local recycling programs of municipalities.
The partnership agreement provides for the construction and operation of three (3) Waste Processing Units and an equal number of sanitary Landfill Sites for the process residue in the prefectures of Arcadia, Messinia and Lakonia, as well as of two (2) Waste Transfer Stations in Korinthia and Argolida. The project is designed to generate green energy, making it an environmentally-friendly infrastructure with a zero energy footprint. It is also expected to reduce waste management costs for the local municipalities while also eliminating levied fines.
The agreement’s total duration is 28 years and comprises a 24-month construction period and a 26-year operation period. It is worth noting that as of the 10th month after the effective date of the agreement, the company will start operating the intermediate waste management facilities. The investment is estimated to reach 152 million euro, 62.5 of which derive from NSRF (National Strategic Reference Framework) funding. The project’s plan provides for the creation of 600 new jobs during construction.