Suffolk County Council considers refinancing EfW plant

Written by: Jo Gallacher | Published:
Suffolk EfW plant in Great Blakenham

Suffolk County Council are considering partially refinancing an Energy from Waste (EfW) facility in Great Blakenham.

The refinancing contract could reduce gate fee per tonne and save an estimated £10.4m over the remaining lifespan of the contract until 2035.

Back in 2016, the council entered into a refinancing agreement for £37.8m of the facility’s capital construction cost.

Discussions are now taking place with Defra and SUEZ, the company responsible for the building, financing and operation of the facility, to see if the proposal for a refinancing arrangement of £10.2m could go ahead.

Paul West, Suffolk County Council’s member for waste, said: “It is only right that in the light of the financial pressures facing the council that we seek innovative ways to make savings.

“Discussions with our long-term partners SUEZ and DEFRA leading up to this proposal have been positive and we now need to consider if we are happy to explore the savings on offer.”

Suffolk County Council’s cabinet will consider the proposal during its meeting on 4 December, 2018.

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