SUEZ ENVIRONNEMENT, through its subsidiary SITA Polska, has won the contract to build and operate for 25 years an energy-from
PR Newswire/Les Echos/
SUEZ ENVIRONNEMENT TOUR CB21 16, PLACE DE L'IRIS 92040 PARIS LA DEFENSE CEDEX TEL +33 (0)1 58 81 23 23 FAX +33 (0)1 58 81 25 09 WWW.SUEZ-ENVIRONNEMENT.COM
January 15, 2012
THE FIRST PUBLIC PRIVATE PARTNERSHIP FOR ENERGY-FROM-WASTE IN POLAND
SUEZ ENVIRONNEMENT, THROUGH ITS SUBSIDIARY SITA POLSKA, HAS WON THE CONTRACT
TO BUILD AND OPERATE FOR 25 YEARS AN ENERGY-FROM-WASTE PLANT IN POZNAŃ
On 21 December 2012, the City of Poznań awarded the contract for the construction and operation of an energy from waste plant to SITA Zielona Energia - a joint venture between SITA Polska, a subsidiary of SUEZ ENVIRONNEMENT, and Maguerite Waste Polska, a subsidiary of the Marguerite Fund(1) - in the largest ever Public Private Partnership tender in Poland.
Estimated to 180 million euros, the construction of this energy from waste plant will be financed by a long term non-recourse project finance debt and will generate total revenue of approximately 850 million euros for SITA Zielona Energia during the period of operation.
Under this project, SITA Zielona Energia will design, build and finance an energy-fromwaste plant with a capacity of 210,000 tons per year, which will then be operated for 25 years by SITA Polska. SITA Zielona Energia will deliver this facility by 2016, on a plot provided by the city of Poznan.
Through this first Public Private Partnership in the field of waste management, SUEZ ENVIRONMENT intends to offer its expertise and know-how to Polish local governments who are keen to change their waste management policy by encouraging recovery. The plant is expected to reduce significantly the disposal of waste in local landfills, in accordance with the EU Landfill Directive and Poland's Law on Waste.
"In awarding this contract, the city of Poznan recognizes the quality of the project we submitted but also the expertise SITA Polska has already demonstrated in Poland for many years." said Jean-Louis Chaussade, CEO of SUEZ ENVIRONNMENT.
SITA POLSKA Since 1992, SITA Polska has been providing waste management and urban cleaning solutions to local communities, industries and businesses. In 2011, SITA Polska and its 2,600 employees managed over 960 thousand tons of waste with the objective of steadily increasing recycling and recovery.www.sitapolska.pl
SUEZ ENVIRONNEMENT Natural resources are not infinite. Each day, SUEZ ENVIRONNEMENT (Paris: SEV, Brussels: SEVB) and its subsidiaries deal with the challenge of protecting resources by pro viding innovative solutions to industries and to millions of people. SUEZ ENVIRONNEMENT supplies drinking water to 97 million people, provides wastewater treatment services for 66 million and collects the waste produced by close to 57 million people. SUEZ ENVIRONNEMENT has 80,410 employees and is a world leader exclusively dedicated water and waste activities across five continents. In 2011, SUEZ ENVIRONNEMENT, a 35.7% GDF SUEZ subsidiary, achieved revenue of EUR14.8 million.
1 The 2020 European Fund for Energy, Climate Change and Infrastructure ("the Marguerite Fund") was established with the backing of six of Europe's leading public financial institutions (Caisse des Dépôts et consignations, Cassa Depositi e Prestiti, European Investment Bank, Instituto de Crédito Oficial, KfW, PKO Bank Polski) to make capital-intensive infrastructure investments. The Fund is advised by Marguerite Adviser S.A., an independent advisory company. www.margueritefund.eu
CONTACTS SUEZ ENVIRONNEMENT Presse Analystes/ Investisseurs Tél. : +33 1 58 81 23 23 Tél. : +33 1 58 81 24 95 E-mail : firstname.lastname@example.org
The content and accuracy of news releases published on this site and/or distributed by PR Newswire or its partners are the sole responsibility of the originating company or organisation. Whilst every effort is made to ensure the accuracy of our services, such releases are not actively monitored or reviewed by PR Newswire or its partners and under no circumstances shall PR Newswire or its partners be liable for any loss or damage resulting from the use of such information. All information should be checked prior to publication.
-0- Jan/15/2013 09:01 GMT