Release date: 10 May 2019
Promoter – Financial Intermediary
LE SYCTOM L'AGENCE METROPOLITAINE DES DECHETS MENAGERSLocation
Description
The project consists of the construction and operation of a large-scale waste to energy plant with a nominal capacity of 350 000 tons per year replacing an old plant. The plant will co-generate electricity and heat. The facility will be located on the Ivry-Paris XIII site, adjacent to the old plant.
Objectives
The project will implement modern and innovative treatment facilities for residual municipal solid waste including an efficient recovery of energy. The project is expected to further contribute towards achieving the objectives of the EU Circular Economy Package which govern the waste management sector in Member States.
Sector(s)
- Solid waste - Water supply; sewerage, waste management and remediation activities
Proposed EIB finance (Approximate amount)
EUR 230 million
Total cost (Approximate amount)
EUR 460 million
Environmental aspects
By virtue of their technical characteristics, the main project components are all subject to a mandatory Environmental Impact Assessment (EIA) including public consultations. A planning application for the waste to energy plant has been submitted by the promoter to the competent Authorities. Their recommendations have to be considered prior the final decision. The main project components are likely to fall under Annex II of the EIA Directive, the Strategic Environmental Assessment (SEA) (2001/42/EC), EIA (2014/52/EU) amending 2011/92/EU, the Habitats Directive (92/43/EEC) and the Birds Directive (2009/147/EC). The full environmental details will however be further examined during the appraisal.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/24/EU or 2014/25/EU, where applicable, as well as Directives 92/13/EEC and 89/665/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where required.
Status
Signed - 8/08/2019
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).