- Press Releases
BELGRADE (Serbia), February 25 (SeeNews) - Serbian company Beo Cista Energija (BCE) plans to start the construction of an energy-from-waste facility near Belgrade in the middle of this year, a Belgrade city government official said.
"Only organic waste will be burned at the plant," the environmental protection secretary at the Belgrade city government, Ivana Vilotijevic, said in a statement on Monday.
Beo Cista Energija is a special purpose vehicle formed by French utility company Suez, Japanese conglomerate Itochu and pan-European equity fund Marguerite Fund, through the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
The companies entered a 25-year public-private partnership (PPP) with the City of Belgrade in 2017 for the construction of an energy-from-waste facility, a facility for construction and demolition waste (CDW), the remediation, closing and aftercare of the existing Vinca landfill and the construction of a new EU-compliant landfill, an investment worth 300 million euro ($326 million).
The entire project will be completed by the end of 2022, Vilotijevic said.
In October, the World Bank said it is providing a 259.6 million euro financing and guarantees package to Beo Cista Energija for the project.
The energy-from-waste facility will produce up to 30 MW of electricity, plus 56 MW of heat purchased by the municipal company Beogradske Elektrane, reducing the natural gas consumption of its Konjarnik plant by 80% in the cold season.
($ = 0.9204 euro)