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SITA Polska and Marguerite Fund set up a partnership to develop Energy-from-Waste projects in Poland.

SITA Polska Sp. z o.o. (a part of Suez Environnement Group) and Marguerite Adviser, the exclusive investment adviser to Marguerite Fund (the 2020 European Fund for Energy, Climate Change and Infrastructure) have entered in an agreement to bid jointly in the tender for building and operating of the Energy-from-Waste plant for the city of Poznan.

Press Release

SITA Polska and Marguerite Fund set up a partnership to develop Energy-fromWaste projects in Poland.

SITA Polska Sp. z o.o. (a part of Suez Environnement Group) and Marguerite Adviser, the exclusive investment adviser to Marguerite Fund (the 2020 European Fund for Energy, Climate Change and Infrastructure) have entered in an agreement to bid jointly in the tender for building and operating of the Energy-from-Waste plant for the city of Poznan

Marguerite Fund will enter in the capital of SITA Zielona Energia Sp. z o.o., a company set up by SITA Polska to take part in the first Public Private Partnership (PPP) organized in Poland for building and operating of an energy-from-waste plant in the City of Poznan. The Poznan investment will be co-financed, built and operated by the private partner to be selected by the City following a public tender. Estimated cost of this investment is around 700 MPLN, with possible participation of EU funds.

“The development of thermal treatment of waste is at the heart of our strategy in Poland, where we have been operating waste management services for 20 years. SITA has a remarkable experience in projecting, building and operating of energy-from-waste plants. In total we operate 48 such facilities in Europe and overseas. Most of them were created within different kinds of co-operation with local governments, like PPPs. We turn every year over 9 million tons of waste into heat and power. This is practically equivalent to total production of municipal waste in Poland. By co-financing our projects with Marguerite Fund, we will be able to seize more opportunities on the market.” declared Jean-Michel Kaleta, CEO of SITA Polska.

“We hope that the Poznan project will be the first on a long list of ‘Energy-from-Waste’ investments which will contribute to reduce landfilling of waste in Poland. We predict that during the next 5 years many such investments will be realised. We would like to play a part in them and partnerships with leading European operators, such as SITA, will be a chance for all of us to offer technical and economic solutions providing notable benefits to inhabitants and the environment”, declared Nicolas Merigo, CEO of Marguerite Adviser SA.

SITA Zielona Energia has been officially short listed on September 13th to take part in the second phase of the PPP tender

SITA Polska Sp. z o.o. is part of SUEZ ENVIRONNEMENT Group (Paryż: SEV, Bruksela: SEVB). Natural resources are not unlimited. SUEZ ENVIRONNEMENT and its subsidiaries are committed to the daily challenge of protecting resources. The company provides innovative solutions to inhabitants and industries. SUEZ ENVIRONNEMENT supplies with drinking water to 91 million people and collects communal waste from 50 million people. With 79,554 employees and a worldwide presence, SUEZ ENVIRONNEMENT is a world leader exclusively dedicated to water and waste management services. It is presents on the five continets. In 2010, SUEZ ENVIRONNEMENT attained revenues of € 13,869 million.

The 2020 European Fund for Energy, Climate Change and Infrastructure (Marguerite Fund) is an investment company with variable capital – specialised investment fund (SICAV-FIS) formed as a public limited liability company under the laws of the Grand Duchy of Luxembourg (Luxembourg) with registered office at 5, Allée Scheffer, L-2520 Luxembourg, and is registered with the Luxembourg trade and companies register under the number B. 149221. Marguerite Adviser S.A. is established as a public limited liability company under the laws of Luxembourg with registered office at 41, Boulevard du Prince Henri, L-1724 Luxembourg, and is registered with the Luxembourg trade and companies register under the number B. 149028. Marguerite Adviser S.A. is Marguerite Fund’s exclusive investment adviser supervised by the Commission de Surveillance du Secteur Financier in Luxembourg (license No. 35/10)