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| Headline |
Bio-mass plants to meet Poland's EU emission targets |
| Investment Stage |
Early-Stage
Private Placement |
| Sectors |
Energy - Renewable
Engineering & Manufacturing - Other
Energy - Other |
| Deal Value |
50,000,000 |
| Currency |
Europe - |
| Country/Region |
UK/Western Europe Poland |
| Summary |
As a member of the EU the Polish central government has made commitments to reducing landfill volumes. In addition it is subject to other EU directives covering waste incineration and environmental emissions which will all result in substantial penalties and fines if the current waste processing methods are not urgently amended. Poland has a significant problem with waste with an over-reliance on landfill disposal (over 90% of waste goes directly to landfill). The client has proposed a solution to the municipal authorities in Poland which involves disposal of the waste in an environmentally friendly manner while utilising the heat and steam produced in the process to generate electricity.
The client, an experienced Ireland based company, plans to complete 20 installations, through a Polish registered company set up for the purpose which will have process capacity of 40,000 tonnes per installation which is capable of producing a minimum output of 7MwH of electricity. They can secure contracts in respect of the first ten installations within one month and estimate that they can secure a total of 40 contracts in subsequent months. The initial site has been sourced and agreed is Konin. The citys principal land fill site currently accepts 200,000 tonnes of waste per annum which would require 5 installations, requiring funding of 135m. This will generate an income of 39m per annum. The operating cost for the 5 units is 7m; this will leave a net operating profit of 32m. There are discussions in place with municipal parties for the other sites to achieve the planned 20 installations in the first 12 months. Further opportunities will be discussed with the clients.
The total funding requirement for all 20 installations will be a further 402m. The timing for this will be in line with negotiations with the municipal parties and the funder. QUOTE REF 1005
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