SALFO & Associates in association with AECOM Ltd has been appointed as the Lenders’ Technical Adviser (LTA) to support the due diligence process for Financial Close for the Ilia Prefecture Waste Management Project. The J/V J/V Mesogeos S.A.- J&P Avax S.A. – AAGIS S.A has been selected as the Preferred Bidder (SPV) of the Project.
The Project involves the construction and operation of an Waste Management Unit for the Ilia Prefecture, able to accept 80,000 tonnes of Municipal Solid Waste per year.
The waste management plant shall include a Mechanical Treatment Facility, where recyclable materials shall be recovered, a Mechanical Biological Treatment Facility (MBT), where the organic fraction of waste would be subjected to anaerobic digestion and biogas would be produced to be utilised for energy generation. The digested matter resulting from the anaerobic digestion would be further treated in an aerobic composting plant for the production of compost.
Following Financial Close, the LTA shall monitor design and construction, will certify completed works for loan withdrawal and shall prepare monthly progress reports for the Lenders.
The LTA shall also monitor the first two years of Project operation and will provide biannual reports to the Lenders