Arvis Solar Ltd, PASEPPE, www.paseppe.gr , Energy Service Company (ESCO) Model of Arvis Solar Ltd and EN plus Italy for Cogeneration of Electricity and Heat, www.arvisolar.gr

1. FINANCING COMBINED HEAT AND POWER (CHP) ENGINES
Antonis Papadakis
Electrical Engineer
Administrator of Arvis Solar Ltd
Vice President of the Pan-Hellenic Association of Environmental Protection
Companies (PASEPPE)
Πανελλήνιος Σύνδεσμος Επιχειρήσεων Προστασίας Περιβάλλοντος
(ΠΑΣΕΠΠΕ)

2. EUROPEAN BUSINESS AWARDS FOR THE ENVIRONMENT (EBAE)
by the European Commission
2014 Winners
 Athens International Airport
 S&B Industrial Minerals
 Hellenic Petroleum
 AB Vassilopoulos
 Piraeus Bank Group Headquarters
 Titan Cement Company
 Halyps Building Materials
 Komotíni Paper Mill

3. TECHNICAL & COMMERCIAL COMPANY
OF RENEWABLE ENERGY RESOURCES
Central Offices
Marni 4
GR-10433 Athens, Greece
Technical Department
Ipeirou 24
GR-10433 Athens, Greece
Tel.: (+30) 211 01 36 560
Fax : (+30) 211 01 36 561
e-mail: info@arvisolar.gr
url: www.arvisolar.gr
facebook: https://www.facebook.com/arvisolar

4. Preliminary Feasibility Study of a CHP Engine in a Paper Industry
EXISTING UNIT
Biogas consumption Sm3/year 2.929.475
Equivalent thermal energy kWh/year 26.014.735
Performance ratio of low temperature burner 87%
Performance ratio of high temperature burner 95%
Biogas average purchase price €/Sm3
0,49
Duty tax (incorporated in price) €/Sm3
0,0075
Annual fuel cost € 1.435.443
CURRENT ENERGY CONSUMPTION
Electrical energy consumption kWh/year 9.691.784
Electrical energy average purchase price €/kWh 0,13
Electrical energy total cost €/year 1.257.027
TOTAL ANNUAL COST € 2.692.470
DATA WITH CHP ENGINE
Maximum electrical power at full load kW 1.200
Maximum thermal power at full load kW 1.288
Performance ratio of electrical production 43,70%
Performance ratio of thermal production 46,90%
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5. Preliminary Feasibility Study of a CHP Engine in a Paper Industry
ENERGY BALANCE Electrical Thermal
Net power kW 1.146 1.288
Annual operating hours h 7.224 7.224
Net annual energy production kWh 8.278.483 8.553.418
Annual energy needs kWh 9.691.784 26.014.735
Internal annual energy consumption kWh 8.240.928 8.553.418
Annual energy excess fed to the grid kWh 37.555
Energy integration (*) kWh 1.450.855 17.461.317
Sm3/year 2.000.861
* quantifies the amount of energy that must be purchased in order to complete the production of the CHP engine
CHP ENGINE OPERATION COST
Natural gas Sm3/year 2.070.026
kWh/year 19.851.552
€/Sm3
0,484
€/year 1.000.901
Duty tax on natural gas €/year 66.553
Maintenance cost €/h 16
€/year 115.584
Additional cost €/year 37.084
TOTAL COST €/year 1.153.569
Specific electrical cost €/kWhel 0,121
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6. Preliminary Feasibility Study of a CHP Engine in a Paper Industry
ENERGY INTEGRATION COST (*) Electrical Thermal
Average integration cost €/kWh 0,148 0,056
€/Sm3
0,49 Total
Energy integration cost €/year 214.260 980.422 1.194.682
REVENUES OF EXCESS ENERGY FED TO THE GRID Electrical Thermal Total
Average purchase price €/kWh 0,065
Revenues €/year 2.433 2.433
ENERGY PERFORMANCE CERTIFICATES
Total performance ratio 86,80% (1)
Primary Energy Savings (PES) ratio 27,00%
Primary energy savings MWh/year 10.023
TOE(**)/year 1.483
Carbon dioxide savings tCO2/year 5.162
** Tonnes of Oil Equivalent
1 for CHP engines, total performance ratio should be > 75 and PES should be > 10
TOTAL COST €/year 2.414.804
TOTAL REVENUES €/year 114.489
BALANCE €/year 2.300.315
10/02/2015 Page 3 of 3