Invest in an alternate energy project with power purchase and pricing guarantees for fifteen yearsThe Business
The Project consists of the construction and operation of two hydroelectric power plants (4.8 MW and 12 MW). The Projects will be designed and constructed by major international EPC contractors using proven and advanced technologies. The management team has substantial experience in project development in Bulgaria and the Project is well supported at both the municipal and central government levels. Bulgarian law provides for the purchase of electricity produced by the Project at guaranteed prices for a minimum period of 15 years.
Once completed, the Project will have revenue streams from electricity sold to the electricity distribution company CEZ Bulgaria AD through its Electricity Sofia Region division, and from water for sold to local companies for domestic and irrigation purposes. Revenues are expected to be about EUR 9.2 million annually.
Market
The total capital required for the two Projects combined is approximately EUR 45 million: EUR 18 million and EUR 27 million respectively. Investors are being sought to bring in EUR 14 million in equity (30% of total investments) for the Project through a SPV that will provide the investors with 80% of the issued voting share capital. The municipalities where the power plants are located and the management team and its advisors will retain the balance of shares.
Sector: Alternative EnergySegment: HydroelectricRegion: EuropeFinancing Size: $5m to $20mContact: Marc Kennis
Company: Twenty20Telephone: +31 6 3476 5008Email: [email protected]