* SEVE to be 50-50 owned by MVV and Semardel
* To help manage waste from energy plants in France
* 50 contracts due for tender, 6 mln tonnes of waste/year
FRANKFURT, May 6 German utility MVV Energie
and French group Semardel have formed a joint venture
to manage energy-from-waste plants, eyeing a wave of contract
renewals in France due in coming years.
SEVE, a 50-50 joint venture between the two groups, will
help local French authorities manage energy-from-waste plants as
well as ensure they meet regional requirements for energy
supply, offering an alternative to private sector plant
operators, MVV said in a statement on Tuesday.
"Around 50 local authorities are due to renew the operations
management contracts at their energy-from-waste plants in the
coming years. These contracts cover around 6 million tonnes of
waste a year," MVV said.
According to data from consultancy Frost & Sullivan, the
European waste-to-energy market is expected to grow to $4.94
billion in 2016, up from $4.22 billion in 2012.
MVV, which is 50.1-percent owned by the German city of
Mannheim, is an experienced player in the field, operating eight
energy-from-waste plants in Germany and one in the Czech
Republic. It is currently building two new plants in Britain.
The group's waste management unit makes annual sales of 265
million euros ($368 million) and employs 460 in staff.
Semardel, 72-percent publicly owned, has 30 years of
experience in waste management in France, employs 600 staff and
makes annual sales of 80.9 million euros, up 30 percent over the
last four years.
The European Waste Framework Directive has set a target of
reducing the volume of landfill waste to 50 percent by the end
of the decade.
($1 = 0.7205 Euros)
(Reporting by Christoph Steitz; Editing by Marilyn Gerlach and