The ambitious journey of Beo Čista Energija started in 2015, when the City of Belgrade launched an international tender for the 25-year waste management and resource recovery project, which was the first major Public Private Partnership (PPP) project in Serbia. Following the award of the project to the shareholders, Beo Čista Energija and the City of Belgrade signed the PPP Contract on 29 September 2017. Beo Čista Energija expects to build the relevant facilities and operates them for 25 years under the PPP Contract.
We are in the era of the resource revolution. In a world facing high demographic growth, runaway urbanization and the scarcity of natural resources, securing, optimizing and renewing resources is essential for our future.
The existing landfill in Belgrade, Vinča landfill, has been in operation since 1977 and is one of the largest open dumping landfills remaining in Europe. There has been a pressing need for its early closure and the introduction of an environmentally friendly waste management system in order to improve the environment of the surrounding area.
Further, Serbia is aiming to join the European Union and this project is in line with its policy of meeting the EU’s waste management standards by 2023. Beo Čista Energija will contribute to Serbia’s environment conservation and achieving the EU standards by reducing waste volume landfilled and greenhouse gas emissions with the introduction of proper waste treatment facility.
SUEZ (Paris: SEV, Brussels: SEVB) delivers wastewater treatment services to 58 million people and reuses 882 million m3 of wastewater. SUEZ also recovers 16.9 million tons of waste a year, produces 3.9 million tons of secondary raw materials and 7 TWh of local renewable energy. Finally, SUEZ avoids 9.5 MtCO2e GHG emissions for its customers. With 83,921 employees, SUEZ is present on five continents and is a key player in the circular economy for the sustainable management of resources. SUEZ generated total revenues of 15.3 billion euros in 2016.
I-Environment Investments Ltd (“IEI”) is a UK-based subsidiary of ITOCHU Corporation, which develops and manages water and environment related projects in various regions of the world. IEI has developed and invested in four preceding waste management projects in UK with SUEZ, which in aggregate treat around 1.3 million tons of waste annually, accounting for roughly 15% of the waste incineration market of the UK.
IEI’s parent company ITOCHU Corporation is headquartered in Tokyo, Japan and is one of the leading treading and investment companies. With approximately 120 bases in 63 countries, ITOCHU is engaging in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas.
Marguerite, established in 2010 with offices in Luxembourg and Paris, is an alternative investment fund manager licensed in Luxembourg. It is independently owned by its partners and manages three investment funds: