Within the framework of the proposed Public-Private Partnership, the Private Partnership Entity (PPP) will be responsible to develop the design, construction, financing, operation and maintenance of the projects, namely:
- the preparation of studies necessary for the construction of the project, based on the studies made available by the contracting authority and the provisions of the Decision on the Approval of Environmental Conditions,
- the construction of the Project,
- the financing of the Project (in combination with the financial contribution of the State), as will arise based on the final design,
- the operation and maintenance of the Project,
- the return of the Project to the Greek State in accordance with the provisions of the partnership agreement at the end of the contractual period, in exchange for the payment of availability fees during the period of operation of the Project.
The duration of the Partnership is expected to be 30 years, of which 2.5 years relate to the construction of the technical works and the dams, 1.5 years to the filling of the dams and commissioning, and the remaining 26 years to the maintenance and operation of the overall project by the individual.
The project has been included in the Public Investment Program with a budget of €181,226,000. The Greek State will participate in the financing of the construction of the Project with the amount of €60,000,000, through the Public Investment Program which is implemented in the context of the National Recovery Plan and Resilience "Greece 2.0" funded by the European Union-NextGenerationEU. The remaining amount will be made with own and/or borrowed funds of the Candidate Private entity.
