Belgrade WtE

active

The proposed project includes i) construction and operation of a 340,000 tons p.a.(tpa) Waste-to-Energy (WtE) Facility with connection to electricity and heating distribution systems, ii) closing and remediation of the existing Vinca landfill, iii) building and operation of a new EU compliant sanitary landfill for 170,000 tpa, and iv) building and operation of a 200,000 tpa Construction and Demolition Waste (CDW) Facility by Beo Cista Energija d.o.o (the “SPV”) in Belgrade, Serbia (together the “Project”). The Project has been developed and procured through a competitive bidding process by the City of Belgrade, with the support of the IFC PPP Advisory team as the City’s lead advisor, and in September 2017, a 25-year operation PPP contract was awarded to a consortium led by Suez Groupe (France), Itochu Corporation (Japan) and now also, Marguerite Fund II (France). The Project will be delivered under a design-build-finance-operate-transfer scheme by the SPV which was set up by the Sponsors for this Project. The PPP Contract will provide the SPV with the exclusive right to treat the municipal waste generated by 13 municipalities of Belgrade, collected by the City. The electricity will be sold to Serbia’s power utility EPS, under a Power Purchase Agreement (“PPA”) with a 12-year term post construction. The heat will be sold to the municipal district heating company, Beogradske Elektrane under a 25-year heat offtake agreement (“HOA”).