Australian Paper and SUEZ have joined forces with Sumitomo Mitsui Banking Corporation (SMBC) as an important next step towards a $600 million Energy from Waste (EfW) facility in the Latrobe Valley. SMBC has been appointed Financial Advisor to the project, bringing significant EfW sector experience and a global perspective to the venture.
“SMBC will contribute additional commercial expertise to our project during a critical development phase. As Financial Advisor, SMBC will provide specialised support for project developmentand establishdebt financing facilities as we seek to build a missing link in Victoria’s waste management infrastructure,” said Mr David Jettner, Australian Paper General ManagerCorporate Development.
“We are now moving forward to secure waste through the Metropolitan and Gippsland Waste and Resource Recovery Groups tendering processes, establish contractual Engineering, Procurement and Construction arrangements and arrange funding for our project. SMBC will play a vital role in helping us to successfully navigate our way through these processes. They will also provide sectorial experience to the project as the Mandated Lead Arranger with 15 successful EfW projects internationally including the Kwinana EfW project in WA,” said Mr Jettner.