act BSWW advises on structuring of bond issue program for extension of Municipal Solid Waste Incineration Plant
The law firm was supporting the investment funds managed by Pekao TFI S.A., which developed – in cooperation with Bank Pekao S.A. and Pekao Investment Banking S.A. – the structure for the program involving the PLN 2.5 billion issue of bonds of Miejskie Przedsiębiorstwo Oczyszczania w m. st. Warszawie sp. z o.o., aimed at financing the modernization and extension of the municipal waste incineration plant, as well as the construction of a waste segregation plant for Warsaw.
The project was handled by Sebastian Sury and Matylda Juzala (Partners at act BSWW), and supervised by Piotr Smołuch (Managing Partner and Head of Bonds).
The strategically important project, involving the renovation and extension of the incineration plant, as well as the construction of a waste segregation plant, will see the emergence of two new technological lines for municipal waste combustion within the next three years. Following the completion of the works, this is going to be Poland’s biggest facility of this sort, while also being among the largest ones across Europe. It is supposed to combust over 300 tons of mixed waste annually, and generate energy for more than a dozen thousand households.
“We perfectly realize that this project is of crucial strategic importance for the city. Warsaw has been waiting for it for years. This makes us even prouder to be given the opportunity to contribute to its success,” says Piotr Smołuch, Managing Partner at act BSWW.
The facility is going to be eco-friendly as it was designed in line with top environmental standards related to waste management.