Financial close was reached for the construction of a combined heat and power plant in Beckton on 28 March 2013. The plant located in east London, will generate up to 18MW of electricity from fats, oils and greases. Construction is expected to be complete in early 2015. Bank debt is being provided to the project by Deutsche Bank, with 2OC, iCON Infrastructure and EEA Holdings providing equity.
Operis carried out an audit of the financial model used for the project, including a review of the tax and accounting treatments, on behalf of the senior lenders and equity investors.
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Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Contact:
Paul Myers – Managing Director
+44 (0)20 7562 0400
