City of Belgrade’s Energy-From-Waste Facility PPP

Hogan Lovells has advised International Finance Corporation and its client the City of Belgrade in connection with a landmark public-private partnership project to design, build and operate a 103 MW energy-from-waste facility in Serbia.

The facility will generate electricity for the national grid and heat for Belgrade’s municipal district heating company.

The project also involves cleaning up one of Europe’s largest landfills and constructing a new EU-compliant sanitary landfill, which will form part of a sustainable waste-management complex designed to reduce pollution and mitigate climate change.

It will be delivered under a long-term contract awarded to Beo Cista Energija d.o.o., a company formed by global utility company Suez S.A., the Japanese conglomerate Itochu Corporation, and Marguerite Fund II, a pan-European equity fund. €300 million of non-recourse, project finance debt is being provided by International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the Development Bank of Austria (OeEB).

The Hogan Lovells team was led by London-based infrastructure and energy partner Scott Tindall (Picture), with support from partners Andrew Gallagher and Alex Harrison and senior associates Alex Brightman, Oliver Hamilton, Philip Hassett and Malcolm Parry.

Karanovic & Partners supported Hogan Lovells in relation to local law issues in Serbia.

Involved fees earner: Alex Brightman – Hogan Lovells; Andrew Gallagher – Hogan Lovells; Oliver Hamilton – Hogan Lovells; Alex Harrison – Hogan Lovells; Philip Hassett – Hogan Lovells; Malcolm Parry – Hogan Lovells; Scott Tindall – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: City of Belgrade; International Finance Corporation;