Full financing to modernize Gemeinschafts-Müllheizkraftwerk Ludwigshafen
The GML – Gemeinschafts-Müllheizkraftwerk Ludwigshafen GmbH handles the incineration of household waste for 1 million people in the cities of Ludwigshafen, Kaiserslautern, Worms, Speyer, Neustadt/Weinstraße, and Frankenthal/Pfalz, and the districts of Rhein-Pfalz, Kaiserslautern, Bad Dürkheim and Alzey-Worms.
Keeping these waste incineration and heat-conversion operations running with the same security, environmental friendliness and efficiency of costs and resources requires the complete renewal of two 30-year-old incinerators and various other modernization measures, measures that demand investment well in the upper eight-figures.
To secure financing, GML ran a competitive tender in which 10 banks participated. In the end, it signed a long-term financing agreement with KfW IPEX-Bank.
Consus Partner supported GML in the structuring and execution of the tender and in negotiation of the agreement.