Bedfordshire waste PPP resurrected

16 May 2016 Two waste specialists have come together to take on the development of Bedfordshire’s long-delayed energy recovery facility.

Covanta and Veolia have signed a project development agreement which will see them working together to create an energy from waste plant capable of generating enough low carbon energy to power up to 65,000 homes.

The teams will now work towards reaching financial close on the scheme in “the coming months”. It is expected that construction will begin by late 2017, with the plant becoming operational in 2020.

The project was approved in 2013 under the Development Consent Order procedures, but the initiative has a long history. Covanta and Veolia had previously been knocked out of the running for the scheme in February 2012, but the project subsequently stalled.

Prior to that, the scheme had seen its PFI credits unexpectedly removed in 2010, which had initially thrown the whole scheme into doubt.

This page was last updated on:
10 December 2017.


Phil’s fillip

The Autumn Budget did offer some signs of potential, but delivery remains a big question


‘A Great Journey’

Phillip Hall, MUFG’s head of structured finance for EMEA, tells Paul Jarvis how the bank is evolving to thrive in the changing PPP world


Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...