02 Jan 2014 | 10:35 am | 1 min. read
International law firm Pinsent Masons has advised Prosiect Gwyrdd, a consortium of five local authorities in South Wales, on a £1.1 billion residual waste project - the first to be procured under the Welsh Government’s residual waste revenue support programme.
Projects Senior Associate, Didar Dhillon, led a team advising the five procuring local authorities – Caerphilly, Cardiff, Monmouthshire, Newport and Vale of Glamorgan - on the 25 year deal. The deal is thought to be the largest PPP project to close in Wales to date. The project is expected to save the local authorities £11 million in the first year of operation and £500 million over its lifetime.
The project will provide for the five local authorities’ 172,000 tonnes of residual waste to be treated at Viridor's Trident Park Energy from Waste (EfW) facility which is expected to be completed in 2014. The £223 million facility, based in Cardiff, will generate 28 mega watts (MW) of electricity which is enough to power 50,000 households. The project has been structured under a complex merchant non-reverting model whereby 50% of the facility’s capacity will be committed to third party waste.
Commenting on the project, Didar Dhillon, said: "This project provides a perfect example of how local authorities can work collaboratively to efficiently deliver major infrastructure in challenging economic times. The scale and merchant nature of this project drew out a number of unprecedented issues which, with benefit of our market leading waste experience, we were able to successfully guide the authorities through. The project will deliver a significant contribution to the achievement of recycling targets in South Wales and valuable savings that may help to safeguard frontline council services."
Pinsent Masons is also advising the procuring authorities on the North Wales residual waste project, which will is also to be funded with Welsh Government support, and is scheduled to complete in 2014.
Pay gap reporting highlights the value and importance of our drive to promote diversity and inclusion. This year we have opted to report on our disability pay gap for the first time as we underscore our commitment to belonging and inclusion and strengthen our network groups to encourage and champion change for all of our people.
Multinational law firm Pinsent Masons has advised global fund administrator Sanne Group on the first specialised depositary licence to be granted by the Central Bank of Ireland, further enhancing Sanne’s capabilities in Ireland and its multi-jurisdictional proposition for alternative fund managers.
Multinational law firm Pinsent Masons has provided the legal advice in a set of new reports recommending the latest innovation in the burgeoning technology of data trusts.
Multinational law firm Pinsent Masons has boosted its corporate capabilities by recruiting Johannesburg-based partner Chris Green.
Multinational law firm Pinsent Masons has been appointed to the UK Government's new Trade Law Panel in an international consortium with BakerHostetler in the USA, and Fasken in Canada, to advise on international trade law disputes.
Multinational law firm Pinsent Masons has won Belt and Road Deal of the Year and Overseas Deal of the Year awards for the firms work on the Red Sea Tourism Mega Project in Saudi Arabia and Mexico City's Subway Line Construction Project respectively.
For all media enquiries, including arranging an interview with one of our spokespeople, please contact the press office on