Construction has begun on a combined heat and power energy-from-waste plant in Poznan, Poland, marking the first such installation to be project financed in the country.
Being built by a consortium headed by Swiss-based Hitachi Zosen Inova (HZI), the plant is scheduled to go into operation in mid-2016, producing up to 18 MW of electricity and 34 MW of district heating.
Other members of the consortium include Hochtief, SITA Zielona Energia and the city of Poznan.
Consortium partners Hochtief Polska S.A. and Hochtief Solutions AG will be responsible for the civil works design and construction of the plant while HZI will design, deliver, and install the entire process technology.
SITA has already signed a 25-year contract worth around €1.7bn for processing the city’s waste at the plant, which will cost an estimated PLN 725 million (€174 million) to build in the district of Karolin.
The plant will be able to process up to 210,000 tonnes of waste a year.
SITA Zielona Energia, itself a joint venture between the Marguerite Fund and SITA Polska, signed the deal which covers financing, design, construction and operation of the municipal waste incineration plant.
The plant has been procured in the form of an availability based Public Private Partnership (PPP) contract including a 25-year operating period following construction. It will be fully financed by shareholders of SITA Zielona Energia and a consortium of three banks.
Source: COSPP