International law firm Allen & Overy has advised a syndicate of banks, led
by Mandated Lead Arranger, The Royal Bank of Scotland plc, on the
provision of more than £100 million of credit facilities to Kent
Enviropower Limited for the construction and operation of one of the
largest energy from waste and recycling projects of its kind in the UK.
The plant, which is to be constructed on the outskirts of Maidstone, Kent
by Lurgi (UK) Limited and operated by Fortum O&M (UK) Limited for Kent
Enviropower Limited will receive waste from various suppliers for both
recycling and incineration. The plant will generate up to 40 MW of
energy, helping to displace the need to burn fossil fuels.
Kent Enviropower Limited is a wholly-owned subsidiary of Waste Recycling
Group Limited (one of the UK’s leading waste management companies).
Projects partner Andrew Castle led the transaction, with assistance from
associates James Taylor and Lorraine Ball. Partner Ross Fairley provided
environmental advice with assistance from Ciara Lynch-Kelly and projects
partner Sheila Connell provided energy advice with assistance from Dan
Ashurst Morris Crisp advised Kent Enviropower Limited and Waste Recycling
Group Limited. Clyde & Co. advised Fortum O&M (UK) Limited.
Commenting on the transaction, Andrew Castle said:
“We are delighted to have been involved in this important project which
will be fundamental to Kent’s ability to move away from landfill reliance
over the coming years as well as providing a substantial new recycling
facility and an output of power from a non-fossil source.”