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Signature(s)

Amount
€ 30,000,000
Countries
Sector(s)
France : € 30,000,000
Solid waste : € 30,000,000
Signature date(s)
27/03/2018 : € 30,000,000
Link to source
Data sheet

Summary sheet

Release date
20 March 2017
Status
Reference
Signed | 27/03/2018
20160946
Project name
Promoter - financial intermediary
CHO TIPER
CHO POWER
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 30 million
EUR 65 million
Location
Sector(s)
  • Solid waste - Water supply; sewerage, waste management and remediation activities
Description
Objectives

The project covers the development, installation, operation and maintenance of a 10MW biomass and waste gasification plant in Thouars, France. The facility will turn waste and biomass into electricity and heat thanks to a gasification process using plasma torch technology developed by CHO Power.

The project will contribute to environmental protection. It will also contribute to achieving EU and French renewable energy objectives, especially those relating to the Loi de Transition Energétique pour la Croissance Verte (Energy Transition for Green Growth Act) targeting the phasing-out of landfill and the use of non-recyclable waste for energy recovery. The proposed operation is therefore eligible for EIB financing under the EU Treaty Article 309 c) common interest (Protection of environment and energy/renewable energy).

Environmental aspects
Procurement

Due to its technical characteristics the project is subject to a mandatory environmental impact assessment (EIA). An EIA including public consultation was issued on 16 August 2016 by the relevant authorities. The project will contribute to environmental protection. The plan's current basic design suggests that proven air pollutant abatement technologies will be implemented. This comes along with a high energy conversion efficiency compared to thermal process. It contributes to climate change objectives by reducing direct greenhouse gas emissions from biowaste and by substituting the use of natural gas of fossil origin.

The promoter has been assessed by the EIB as being a private company not subject to EU rules on public procurement or concessions.

Link to source
Summary sheet

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - CHO TIPER (FDP)
Publication Date
21 Jul 2017
Document language
Main Topic
Lending
Document Number
73839735
Document Focus
Environmental Information
Project Number
20160946
Sector(s)
Regions
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - CHO TIPER (FDP)
Publication Date
21 Jul 2017
Document language
Main Topic
Lending
Document Number
77101470
Document Focus
Environmental Information
Project Number
20160946
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - CHO TIPER (FDP) - Etude d'Impact
Publication Date
20 Jul 2017
Document language
Main Topic
Lending
Document Number
77241112
Document Focus
Environmental Information
Project Number
20160946
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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