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    Signature(s)

    Amount
    € 230,000,000
    Countries
    Sector(s)
    France : € 230,000,000
    Solid waste : € 230,000,000
    Signature date(s)
    8/08/2019 : € 230,000,000

    Summary sheet

    Release date
    10 May 2019
    Status
    Reference
    Signed | 08/08/2019
    20140113
    Project name
    Promoter - financial intermediary
    VALORISATION MATIERE & ENERGIE GRAND PARIS
    LE SYCTOM L'AGENCE METROPOLITAINE DES DECHETS MENAGERS
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 230 million
    EUR 460 million
    Location
    Sector(s)
    • Solid waste - Water supply; sewerage, waste management and remediation activities
    Description
    Objectives

    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.

    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.

    Environmental aspects
    Procurement

    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.

    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.

    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 Impact Assessment (ESIA) - VALORISATION MATIERE & ENERGIE GRAND PARIS - Link to ESIA - Lien vers le Etude d'Impact
    Publication Date
    11 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    93826258
    Document Focus
    Environmental Information
    Project Number
    20140113
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - VALORISATION MATIERE & ENERGIE GRAND PARIS
    Publication Date
    12 Jul 2019
    Document language
    Main Topic
    Lending
    Document Number
    90685503
    Document Focus
    Environmental Information
    Project Number
    20140113
    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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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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