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Signature(s)

Amount
€ 109,163,383.54
Countries
Sector(s)
United Kingdom : € 109,163,383.54
Solid waste : € 54,581,691.77
Energy : € 54,581,691.77
Signature date(s)
15/03/2013 : € 21,581,691.77
15/03/2013 : € 21,581,691.77
15/03/2013 : € 33,000,000
15/03/2013 : € 33,000,000
Link to source

Summary sheet

Release date
8 March 2012
Status
Reference
Signed | 15/03/2013
20110488
Project name
Promoter - financial intermediary
South West Devon Waste-to-Energy CHP Plant

MVV ENERGIE AG

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to GBP 110 million (EUR 124.21 million)
GBP 220 million (EUR 248.42 million) – Amount will be verified during appraisal
Description
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.

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.

Environmental aspects
Procurement

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.

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.

Link to source

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).

Documents

Environmental and Social Completion Sheet (ESCS) - SW DEVON WASTE-TO-ENERGY CHP PLANT
Publication Date
9 Mar 2017
Document language
Main Topic
Lending
Document Number
73276643
Document Focus
Environmental Information
Project Number
20110488
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - SW DEVON WASTE-TO-ENERGY CHP PLANT
Publication Date
12 May 2016
Document language
Main Topic
Lending
Document Number
66413009
Document Focus
Environmental Information
Project Number
20110488
Sector(s)
Regions
Countries
Publicly available
Download now

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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