Brief: Norske Skog, Veolia, Pearl Infrastructure Capital Launch Industrial Ecology Project

Norske Skog ASA

14/06/2022 07:14

June 14 (Reuters) - Veolia Environnement SA  VIE.PA :
    * NORSKE SKOG GOLBEY, VEOLIA AND PEARL INFRASTRUCTURE
CAPITAL
LAUNCH THE INDUSTRIAL ECOLOGY PROJECT AT THE GOLBEY PAPER MILL
    * FROM 2024, IT WILL PRODUCE 200 GWH OF CLEAN ELECTRICITY
PER
YEAR, EQUIVALENT TO THE CONSUMPTION OF MORE THAN 13,000 HOMES,
AS WELL AS 700 GWH OF HEAT
    * PEARL INFRASTRUCTURE CAPITAL STRUCTURED THE FINANCING IN
THE
FORM OF A €150 MILLION NON-RECOURSE BOND, IS PROVIDING BULK OF
EQUITY REQUIRED FOR PROJECT COMPANY WHICH IS CARRYING
COGENERATION PLANT
    * THIS PROJECT REPRESENTS AN INVESTMENT OF AROUND €200
MILLION,
THE FINANCIAL CLOSING OF WHICH WAS COMPLETED ON 8 JUNE 2022
    * PEARL INFRASTRUCTURE CAPITAL IS THE MAIN INVESTOR (80%)
ALONGSIDE NORSKE SKOG GOLBEY (10%) AND VEOLIA (10%)

Further company coverage:  VIE.PA 

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