06 Oct 2016 | 04:26 pm |
International law firm Pinsent Masons has advised The City of Edinburgh and Midlothian Councils on the procurement of a new state-of-the-art Energy from Waste plant.
In December 2014 FCC was named as preferred bidder by the Partner Councils to design, construct, finance and operate the plant, which will be fuelled by waste collected by both councils that would otherwise go to landfill.
The contract to process up to 135,000 tonnes of residual waste annually will provide a long-term, competitively priced solution for the recovery of value from the landfill waste collected by City of Edinburgh and Midlothian Councils.
Construction is set to begin imminently, with the plant expected to begin operation in 2019.
The Pinsent Masons team that advised on the transaction was led by Partner Stuart Barr and Senior Associate Chris Owens with Legal Director Ross McDowall providing environmental law advice.
Commenting on the deal Chris said:
“We are delighted to have assisted the City of Edinburgh and Midlothian Councils on such a significant project, adding to our market leading experience of multi-authority waste projects in Scotland and the wider UK sector. The Project will be transformational providing a reliable long-term waste treatment solution which will help them to play their part in achieving Scotland’s Zero Waste aspirations.”
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Pinsent Masons advises PIC on £132m buy-in of Tomkins 2008 pension scheme retirement benefits plan.
Multinational law firm Pinsent Masons has advised various institutional investors in relation to Umicore’s € 591 million sustainability linked note fundraising.
Pinsent Masons has advised the shareholders of Alveo, including funds managed by Sovereign Capital Partners (SCP), on its sale to Symphony Technology Group (STG).
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