Egis and R20 to create pre-investment fund specializing in sustainable waste management and the development of Waste-to-Energy projects

The signing took place in the presence of Michèle Sabban, R20 President; Terry Tamminen, Strategic Advisor to the R20 Founding Chair, and CEO of the Leonardo Di Caprio Foundation; Christophe Nuttall, R20 Executive Director, Nicolas Jachiet, Chairman and Chief Executive Officer of Egis, Rémi Cunin, Executive Vice President of Egis; Rik Joosten, Director General of Egis Projects and Françoise Tauzinat of the Caisse des Dépôts Group. Was also present Catherine Jatteau, Deputy Director General of Egis Structures & Environment.

PARIS, 19-Dec-2016 — /EuropaWire/ — On Wednesday December 14th in Paris, an agreement was signed between Egis, an international consulting and engineering group and subsidiary of French Caisse des Dépôts et Consignations (CDC), and R20, an international non-profit organization working to develop waste management, renewable energy and energy efficiency projects.

In the continuity of COP 21 and COP 22, this agreement seals a partnership which covers the development of Waste Management projects in developing countries.

Egis and R20 have joined forces to create a pre-investment fund specializing in sustainable waste management and the development of Waste-to-Energy projects. This partnership will prepare the different upstream actors (national and local governments, industry and investors) to take the decisions necessary for the development of concrete projects, allowing the market of sustainable waste management to reach maturity. For this purpose, the pre-investment fund will finance two concrete actions in developing and emerging countries:

A campaign of feasibility studies in cities deemed mature, to identify, develop and structure projects likely to acheive the development objectives of local authorities and to be attractive to investors. These projects will be identified in close collaboration with industry and public and private investors.

A training program for national and local decision-makers in waste management. The program will focus on three areas that are critical to the decision-making process:
– the public policies needed for waste management
– existing waste management technologies in the market today
– the economic models and financial mechanisms necessary for the long-term success of sustainable waste management projects.

In light of their experience with several waste projects (Algeria, Maldives, Morocco, China), R20 and Egis intend to create an enabling environment that allows for the successful implementation of projects, such as waste sorting, recycling, and energy co-generation, thereby responding to serious environmental concerns.

R20 and Egis not only share the same vision and objective, but also the same values regarding the economic opportunities of waste management, including social benefits, the active participation of local communities in waste sorting and the creation of direct and indirect jobs.

This overall approach to sustainable development is part of the long-term commitment of Egis and its majority shareholder, CDC, for transitioning to a green economy.

About R20
20 is a non-governmental non-profit, public-private partnership organization bringing together governments, private companies, financial institutions, academic institutions, governmental organizations, intergovernmental organizations and United Nations agencies.

The R20 mission is to help states, provinces, regions, cities, and other local authorities around the world to develop and implement renewable energy, energy efficiency and waste management projects, and to put in place the necessary policies and best practices needed for the transition to a sustainable green economy.

R20 was created in 2010, following the UN climate change conference in Copenhagen, by former Governor of California, Arnold Schwarzenegger, and Christophe Nuttall, former Director for Innovative Partnerships at UNDP. R20 was launched with the support of several regional presidents from four continents. Dr. Nuttall has led the R20 since January 2012, at the request of Arnold Schwarzenegger (the R20 Founding Chair) as well as with the consent of the UN Secretary-General, Ban Ki-moon.

About Egis
€937 million turnover in 2015
13,000 employees

Egis is an international group offering engineering, project structuring and operations services. In engineering and consulting its sectors of activity include transport, urban development, building, industry, water, environment and energy. In roads and airports its offer is enlarged to encompass project structuring, equity investment, turnkey systems delivery, operation and mobility services. Employing 13,000 people, including 8,300 in engineering, the group generated a managed turnover of €937 million in 2015. Egis is 75% owned by the French “Caisse des Dépôts” and 25% owned by Iosis Partenaires, (a “partner” executive and employee shareholding).

SOURCE: Egis

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