Hogan Lovells Advises Veolia on £460 million Waste PFI Project

LONDON, 13 November 2012 - Hogan Lovells has advised Veolia Environmental Services, the UK's leading recycling and waste management company, on its successful bid for Leeds City Council's waste Private Finance Initiative (PFI) Project.  The 25-year contract, worth an estimated £460 million, was signed on 7 November and is the latest in a series of PFI projects on which Hogan Lovells has acted for Veolia.

The project includes the design, construction and operation of a high-tech waste recycling and energy recovery facility that will contribute to the local economy through the creation of 300 jobs during construction and 45 permanent positions.  The energy recovery facility will generate around 11.6 MW of electricity for the national electricity network, sufficient to power 20,000 homes from the remaining residual waste.  It is also proposed to explore the development of a cogeneration plant with the potential to supply heat to local users. The project will save Leeds City Council £200 million in waste disposal costs during the life of the contract.

The Hogan Lovells team advising Veolia was led by Infrastructure and Project Finance partner Scott Tindall, with support from Alex Harrison, Alistair Cowling, Hugo Lidbetter and Rachel Candler.

Commenting on the bid, Scott Tindall said:

"We are delighted to have advised Veolia on yet another successful PFI project.  It has been great working with them for the past 10 years or so and we look forward to helping them to expand their already significant portfolio of projects and to explore new opportunities in the future – both in the UK and overseas.  For Hogan Lovells, this latest deal is further evidence of the strength of our infrastructure and renewable energy practices, both of which are extremely important parts of our business."


About Hogan Lovells


For more information, see www.hoganlovells.com

Hogan Lovells is a leading global law firm providing business-oriented legal advice and high-quality service across its exceptional breadth of practices to clients around the world.

"Hogan Lovells" or the "firm" is an international legal practice that includes Hogan Lovells International LLP, Hogan Lovells US LLP and their affiliated businesses.

The word "partner" is used to describe a partner or member of Hogan Lovells International LLP, Hogan Lovells US LLP or any of their affiliated entities or any employee or consultant with equivalent standing. Certain individuals, who are designated as partners, but who are not members of Hogan Lovells International LLP, do not hold qualifications equivalent to members. 

For more information about Hogan Lovells, the partners and their qualifications, see www.hoganlovells.com.

Where case studies are included, results achieved do not guarantee similar outcomes for other clients.

Share Back To Listing

Loading data