VEOLIA ENVIRON. : Veolia Environmental Services Selected by Leeds for a Waste Management Contract
01/23/2012 | 05:55am
Regulatory News:
Veolia Environmental Services (Paris:VIE), through its subsidiary Veolia
Environmental Services (UK) Plc1, a leading UK recycling and
waste management company, has been selected as the preferred bidder by
Leeds City Council for a Private Finance Initiative (PFI) contract for
the treatment and disposal of residual waste. The contract will be
signed for a period of 25 years.
The proposal submitted by Veolia Environmental Services includes the
construction in East Leeds Cross Green Industrial Area of an advanced
waste recycling and energy recovery facility that will contribute to the
local economy with the creation of 300 jobs during construction and 45
permanent positions.
The mechanical pretreatment will extract and recycle at the front-end of
the plant around 10% of the 183,000 metric tons of residual waste
delivered to the site. This will include recyclable non-ferrous and
ferrous metals, plastics, mixed paper and cardboard providing a
beneficial boost to the city's recycling rates.
The energy recovery facility will generate around 11.6 MW of electricity
for the national electricity network, sufficient to power 20,000 homes
from the remaining residual waste. Working with Leeds City Council, it
is also proposed to explore the development of a cogeneration plant with
the potential to supply heat to local users.
Close to excellent transport links, this facility and its eye-catching
design will blend with its surrounding environment, especially its
living green wall, landscaping and planting designed to enhance the
surrounding area.
An extensive consultation and community engagement process will be
undertaken ahead of the planning application submission in the first
half of 2012. It is intended to start construction in summer 2013; the
recycling and energy recovery facility is scheduled to become fully
operational in spring 2016.
Jérôme Le Conte, Chief Executive Officer of Veolia Environmental
Services said, "This landmark facility reflects our strategic commitment
to the UK market and our sustainable development approach that
encourages the creation of new waste facilities combining recycling and
energy recovery along with innovative green design. We are also
committed to supporting a wide range of community initiatives and a
visitor centre has been specifically designed to allow members of the
public to see for themselves how the facility works."
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Veolia Environmental Services
Veolia Environmental Services is the global benchmark for waste
management and resource recovery, and the only operator across all
segments of the waste management business (solid, liquid, non-hazardous
and hazardous waste). The company contributes to a better environment by
providing its municipal and industrial clients with innovative,
efficient waste management services that span waste collection, pipe
system management, and waste treatment, recovery and recycling
solutions. Veolia Environmental Services generated 2010 revenue of 9.3
billion euros. www.veolia-environmentalservices.com
Veolia Environnement (Paris Euronext: VIE and NYSE: VE) is the
worldwide reference in environmental solutions. With more than 315,000
employees the company has operations all around the world and provides
tailored solutions to meet the needs of municipal and industrial
customers in four complementary segments: water management, waste
management, energy management and passenger transportation. Veolia
Environnement recorded revenue of ?34.8 billion in 2010. www.veolia.com
Important Disclaimer
Veolia Environnement is a corporation listed on the NYSE and Euronext
Paris. This press release contains "forward-looking statements" within
the meaning of the provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements are based on management's current
expectations or beliefs and are subject to a number of factors and
uncertainties that could cause actual results to differ materially from
those described in the forward-looking statements, including the risks
described in the documents Veolia Environnement has filed with the U.S.
Securities and Exchange Commission. Veolia Environnement does not
undertake, nor does it have, any obligation to provide updates or to
revise any forward-looking statements. Investors and security holders
may obtain a free copy of documents filed by Veolia Environnement with
the U.S. Securities and Exchange Commission from Veolia Environnement.
Press release also available on our web site: http://www.finance.veolia.com
1 The contract will be made with Veolia ES Aurora Ltd which
is a subsidiary of Veolia Environmental Services (UK) Plc that delivers
its PFI/PPP contracts.
Analyst and institutional investor contact:
Ronald Wasylec, +33 1
71 75 12 23
or
US Investors contact:
Terri Anne Powers,
+1 312-552-2890
© Business Wire 2012
