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Uncontrolled waste disposal and unsustainable waste management not only damage the environment, but also affect human health. In most urban areas, municipal solid waste production is constantly increasing following the everlasting increase in energy consumption. Technologies aim to exploit wastes in order to recover energy, decrease the depletion rate of fossil fuels, and reduce waste disposal. In this paper, the annual amount of municipal solid waste disposed in the greater metropolitan area of Thessaloniki is taken into consideration, in order to size and model a combined heat and power facility for energy recovery. From the various waste-to-energy technologies available, a fluidised bed combustion boiler combined heat and power plant was selected and modelled through the use of COCO, a CAPE-OPEN simulation software, to estimate the amount of electrical and thermal energy that could be generated for different boiler pressures. Although average efficiency was similar in all cases, providing almost 15% of Thessaloniki’s energy needs, a great variation in the electricity to thermal energy ratio was observed.