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Huge penalties expected from Covanta “put-or-pay” contract in Dublin

Posted: 16 feb. 2011 Tags: , ,

(Dublin, Ireland) The former Irish Minister for the Environment, John Gormley, commissioned an independent report into the proposed Covanta incinerator at Poolbeg to the financial expert John Hennessy, who estimated that if the incinerator is built, the city of Dublin will face around €350 million on penalties for not fulfilling Covanta’s demands on waste amounts. The Irish Waste Management Association (IWMA) has consistently argued that what is proposed for Poolbeg will harm recycling, lead to up to 1,000 job losses, cost the taxpayer millions and kill investmen in waste alternatives that the region is working on develop. More information here.


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