KfW IPEX-Bank finances thermal energy from waste plant in England
Frankfurt, Germany - Together with the Swedish Svenska Handelsbanken, KfW IPEX-Bank is providing finance to enable the construction of a thermal waste recovery plant in Plymouth in southwest England through MVV Energie AG.
The project is a public private sector partnership. The contracting authority is the South West Devon Waste Partnership (SWDWP), which comprises three regional authorities that came together specifically for the project. The SWDWP contracted with MVV Umwelt to undertake the planning, building and operation of the new facility for a period of 25 years. Essential components of the plant engineering equipment also come from Germany: Baumgarte Boiler Systems from Duisburg is supplying the boiler, Stuttgarter LAB the flue gas cleaning equipment, the Hamburg service provider Imtech is supplying the energy and building technology and SAR Electronic from Landshut the industrial and process automation.
"In order for the United Kingdom to achieve the long-term EU environmental goals, it is vital to make more investments in the waste management and recycling sector - a market with great potential for specialised German firms, which we support as a bank through our international business. For MVV Energie AG and the SME suppliers the project serves as an important reference point for further activities," said Markus Scheer, member of the Management Board of KfW IPEX-Bank.