June 18 (Renewables Now) - French investment fund Meridiam has been awarded a public-private partnership (PPP) contract to build a waste-to-energy (WtE) plant in the Polish city of Olsztyn in the country’s northeast.
The French firm said Monday that the project will consist of the design, construction, finance and operation and maintenance (O&M) of the plant, which will replace certain coal-fired facilities in the municipality. The investment amounts to EUR 165 million (USD 184.5m).
Meridiam has an 80% share in the project, while the remainder is held by Madrid-based waste management company Urbaser SA. The duo's first co-developed waste-to-energy plant, in the Basque Country, Spain, will become operational in October 2019.
The Polish WtE facility will provide electricity and heat to some 270,000 people in Olsztyn. The project stands to receive support in the form of EU subsidies.
(EUR 1.0 = USD 1.12)