Release date: 8 March 2012
Promoter – Financial Intermediary
MVV ENERGIE AG
Location
Description
The project concerns the design, construction, operation and maintenance of a 245,000 t/yr waste-to-energy combined heat and power (CHP) plant under a Private Finance Initiative (PFI) contract with the South West Devon Waste Partnership (SWDWP). The project will be implemented at North Yard, Devonport, directly adjacent to a HM Naval Base. The produced electricity and heat will for the most part be supplied to the dockyard and the Naval Base under a 25 year contract. The site is currently used as an aggregate storage area. Traffic connections are existing and will be improved as part of the project. The planned facility poses no problem with spatial planning objectives for the site. In addition to municipal residual waste from the SWDWP region, the facility will receive commercial and industrial waste.
Objectives
The project concerns the design, construction, operation and maintenance of a 245,000 t/yr waste-to-energy combined heat and power (CHP) plant under a Private Finance Initiative (PFI) contract with the South West Devon Waste Partnership (SWDWP). The project will be implemented at North Yard, Devonport, directly adjacent to a HM Naval Base. The produced electricity and heat will for the most part be supplied to the dockyard and the Naval Base under a 25 year contract. The site is currently used as an aggregate storage area. Traffic connections are existing and will be improved as part of the project. The planned facility poses no problem with spatial planning objectives for the site. In addition to municipal residual waste from the SWDWP region, the facility will receive commercial and industrial waste.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to GBP 110 million (EUR 124.21 million)
Total cost (Approximate amount)
GBP 220 million (EUR 248.42 million) – Amount will be verified during appraisal
Environmental aspects
The project comprises a waste-to-energy CHP plant that will enable diversion of solid waste from landfills. The project falls under Annex 1 of the EIA Directive and the Promoter has completed the EIA. The Environment Agency has completed their technical determination of the permit application and issued a decision document and permit on 6th of March 2012. The Promoter has received a planning permission on 3rd of February 2012. Planning permission and Environmental Permit are currently in the judicial review period.
Procurement
The project company was selected through a competitive dialogue procedure in accordance with the Public Procurement Directive 2004/18/EC. The process started in 2008 and was concluded through contract signature in March 2011. The project company will apply private procurement procedures for implementation of the project.
Status
Signed - 15/03/2013
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).