U.S. Trade and Development Agency - Definitional Mission to Evaluate Waste-to-Energy and Renewable Energy Projects in Europe Region
| (April 2004) In partnership with Enviromation, Inc. and Environmental Services Group International, Inc.,
Mayflower Partners performed a definitional mission to evaluate waste-to-energy and renewable energy projects in the Czech Republic,
Hungary, Poland, and the Slovak Republic. These countries were admitted to the European Union along with six other countries in 2004.
As such, several EU policies and directives make the move to increased use of waste-to- energy and renewable energy imperative.
Pollution control mandates, renewable energy requirements and reductions in landfilling all create policy requirements to promote
waste-to-energy and renewable energy. This policy goal has caused many of the countries to implement mandatory purchase prices for
energy formed from renewable sources. These mandatory purchase prices and other policies can make waste-to-energy and renewable energy
projects economically viable. |
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We reviewed thirty-six projects in four countries and proposed that USTDA fund various follow-on assistance for five projects:
1) technical assistance for a geothermal project in Hungary for MOL, the state oil company, 2) a waste recycling and gasification
project in Poland with Metalko, 3) a gasification project in Poland with Bytom, 4) an upgrade of a thermal power project in the
Czech Republic (Teplarna Otrokovice), and 5) a district cooling project in Prague, Czech Republic.
Mayflower Partners investigated the following financing sources in the course of the mission: EU Structural and Cohesion funds, Eco Funds,
UN Environment Program, Global Environment Facility, the European Bank for Reconstruction and Development, the World Bank, the European
Investment Bank, and the Overseas Private Investment Corporation, international and local banks as well as private equity funds. Due to
limitations imposed by European financing sources, the newest members to the EU are increasingly encouraged to source goods and services
from other EU member states, often creating economic disadvantages to purchasing American exports. This trend is expected to continue.
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