UK-based energy project developer, Renewi Plc, has completed the termination of its contract to deliver the waste-to-energy project in Derbyshire under the Public-Private Partnership (PPP) scheme. 

Renewi, formed when Shanks merged with Van Gansewinkel in 2017, has reported a statutory loss of EUR97.7 million (US$110.592 million) in the company for 2018. The losses are closely associated with the failure of delivery of the EfW project into operation. The project is a joint development with construction firm Interserve along with Derby city and Derbyshire county councils.

The 12 MW mechanical biological treatment (MBT) plant and gasification project in south Derby has been delayed for two years. With the company recognizing the significant risks that the facility cannot be commissioned on time, Renewi has written off the EUR40 million (US$45.28 million) investment in the project and has taken a EUR7.6 million (US$8.6 million) provision for ongoing losses and assumed termination costs in the event that the contract comes to an end. Renewi has also provided EUR11.6 million (US$13.13 million) for delay damages.