DCC and Covanta agree terms for Poolbeg incinerator
Dublin City Council and US energy giant Covanta have agreed a "major renegotiation" of their contract for construction of the €350 million Poolbeg incinerator.
Dublin City Council and US energy giant Covanta have agreed a "major renegotiation" of their contract for construction of the controversial €350 million Poolbeg incinerator.
The change in terms includes a substantial amendment to the put-or-pay clause, which was part of the original contract.
Under this clause, Dublin's four councils could have faced multimillion-euro penalties for failing to deliver 320,000 tonnes of waste to the 600,000-tonne incinerator annually.
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine