The Milton Keynes Waste Management project reached financial close on June 26, 2013.
Won by waste management firm AmeyCespa, the project involves an 18 year concession with Milton Keynes Council to design, build and operate a new waste management and treatment facility. The facility will house three different plants to treat household waste: a mechanical treatment technology plant to separate recyclable materials; an anaerobic digestor facility to treat food waste, creating compost and renewable energy; and an advanced thermal treatment facility that uses gasification technology to generate electricity from the remaining waste.
The facility will be built in the Old Wolverton industrial area of Milton Keynes and is expected to generate enough power to power to supply 11,000 homes and will create 245 new jobs.
Operis provided financial model auditing services, including and a full tax and accounting review, on behalf of the sponsors and lenders.