• Energy from Waste Facility Rivenhall

    In May 2022, Kanadevia INOVA Ltd (KVI), Switzerland, signed an EPC contract with Indaver Rivenhall Ltd. for the construction of a waste incineration plant in Rivenhall, Essex, UK, called “Rivenhall Integrated Waste Management Facility (IWMF) and Energy Centre in Essex, UK”.

    The facility is capable of processing 595’000 tons of municipal solid waste per year (household waste and commercial and industrial non-hazardous waste) and generates approximately 49 MW of electricity, which covers the annual electricity needs of 60’000 households. The total cost of the project is more than GPB 500 million.

    The project owner is the Indaver Group, a leading European company in sustainable waste management. Indaver employs over 1’800 people and has plants and operations in more than 30 locations in Belgium, Germany, Ireland, the United Kingdom, the Netherlands, Italy, Spain and Portugal.

    A significant part of the project is financed via a long-term export credit facility covered by the Swiss Export Risk Insurance SERV. The export financing structured with the support of AIL was an important supporting element in the EPC contract negotiations with Indaver. The successful implemented financing also helped to improve the project’s business case and make the project feasible.

    Key project data

    • Project-Type: Waste to Energy Facility
    • Financing: SERV-covered financing
    • Project volume: > GBP 500 Mio.
    • Financing volume: > GBP 300 Mio.

    • AIL client: Kanadevia INOVA Ltd, CH
    • End customer: Indaver Rivenhall Ltd, UK
    • Financial closing: December 2022
    • Scope of Project: Construction of a waste incineration plant with a capacity of 595,000 t/a
    Waste to Energy

    Energy for 60,000 households

    595,000 tons of household and industrial waste are processed into 49 MW of electricity per year. A success story – also thanks to the financing structured by AIL.

    AIL scope of work

    • Supporting KVI in discussions with Indaver, SERV and the financing banks in structuring and implementing the long-term export financing
    • Supporting KVI in EPC contract negotiations
    • Managing the SERV application and approval process (incl processing SERV application documentation)
    • Supporting KVI in meeting the loan disbursement requirements and in the procedures for loan drawdowns