The future of an energy-from-waste (EfW) facility in Belvedere, Kent, has been called into question after the parent company of the facility’s engineering procurement and construction (EPC) contractor instituted insolvency proceedings.
AE&E Group has filed for insolvency proceedings - the parent company of AE&E Inova, the Swiss construction firm appointed EPC contractor for the Riverside Resource Recovery facility by Cory Environmental. Although AE&E Inova continues to trade, the company’s subcontractor Costain, who were awarded a £120m contract to design and build the 585,000-tonne site has carried out work that exceeds payment received from Inova by £22m, according to Reuters.
A Cory Environmental spokesman said: “We are working closely with AE&E and its personnel and subcontractors to ensure the facility can continue to be constructed without undue disruption.”
When complete, the facility will be able to accept waste by river and road. Arisings will be supplied by the Western Riverside Waste Authority, which comprises the London boroughs of Hammersmith and Fulham, Lambeth and Wandsworth and the Royal borough of Kensington and Chelsea.