EGP purchase spurs on biomass power project
Energy provider Enel Green Power (EGP) and Italy-based SECI Energia have signed an agreement for the acquisition by EGP of 50% of Powercrop, a Maccaferri Group business dedicated to biomass energy conversion.
With this acquisition, EGP will aim to develop biomass energy across a short supply chain with SECI by constructing five new facilities with a capacity of 150MW each. If fully implemented, the project could generate up to one billion KWh.
Local agricultural and forestry industries will provide feedstock that is in line with EU recommendations of available biomasses.
The project will also aim to provide jobs to former sugar factory workers who may have suffered since the sugar sector reform and to those working in the closest agricultural districts.