Waste

Beo Čista Energija starts drawing EUR 290 million loan for Vinča landfill project

Beo-Cista-Energija-290-million-loan-Vinca-landfill-project

Photo: Works started in October 2019 (Beo Čista Energija)

Published

May 26, 2020

Country

Comments

0

Share

Published:

May 26, 2020

Country:

Comments:

0

Share

Beo Čista Energija, the joint-venture for the implementation of Belgrade’s Vinča landfill project, has achieved financial close for a EUR 290 million loan to build and operate a 103 MW energy-from-waste facility and a demolition waste recycling unit, allowing the closure of one of the largest dumpsites still active in Europe.

The company formed by Suez, Itochu and Marguerite started drawing this month on a non-recourse credit facility issued by International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), and the Development Bank of Austria (OeEB), according to a press release by Beo Čista Energija.

By achieving financial close under a EUR 290 million non-recourse loan agreement, the consortium is delivering on its commitment to finance, build, and operate new waste management facilities

By achieving financial close under a EUR 290 million non-recourse loan agreement with the IFC, EBRD, and the OeEB, the consortium of Suez, Itochu and Marguerite is delivering on its commitment to finance, build, and operate new waste management facilities as part of a 25-year public-private partnership concluded in 2017 with the City of Belgrade.

The planned infrastructure includes the construction of a 103 MW EfW facility, processing up to 43 tons of waste per hour

The planned infrastructure includes the construction of a 103 MW energy-from-waste (EfW) facility, processing up to 43 tons of waste per hour and delivering power to the national grid and heat to Belgrade’s municipal district heating company Beogradske Elektrane, thus reducing its dependency on natural gas.

Additional facilities include the construction of a waste recycling unit with a capacity of 200,000 tons per year of demolition waste and an engineered landfill with biogas recovery.

Beo Čista Energija will benefit from 12-year guaranteed feed-in tariffs for the sale of electricity produced by its two facilities

According to the press release, Beo Čista Energija will benefit from 12-year guaranteed feed-in tariffs for the sale of electricity produced by the energy-from-waste facility and the landfill gas recovery plant – in a first for a waste project in Serbia.

Full commercial operations planned to start in 2022

Progress of the works, which started in October 2019, continues despite the Covid-19 pandemic, with full commercial operations planned to start in 2022.

All facilities will be operated by Suez under a 25-year operation & maintenance contract, the press release reads.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Marko List Consultare biootpad

Croatia’s example of good practice in biowaste management: creating value, protecting the environment

16 September 2022 - Suppose Croatia were to utilize its biowaste potential, of 400,000 tons entirely. In that case, it could produce 7.3% of the country’s total 2021 power output from renewables

Environmentalists covertly waste biomass Tuzla coal plant BiH

Activists: EPBiH is covertly introducing waste with biomass as fuel for Tuzla power plant

09 September 2022 - Environmentalists claim waste is planned to be added as a fuel in the project to switch unit 3 in coal plant Tuzla to biomass

recycled-paper-jti

Making recycled paper from empty cigarette packs

31 August 2022 - Naša kuća, which employs persons with developmental disabilities, now has the opportunity to build a factory and modernize the manual production process

HM-greenwashing

Fast fashion giant H&M accused of greenwashing in US lawsuit

19 August 2022 - The lawsuit appears to reflect consumers’ growing awareness of corporate greenwashing practices