Today, the Amsterdam city council has started the sale of Afval Energie Bedrijf (AEB) through an auction.
The AEB, although in 2006 was touted as the most innovative waste incinerator complex, in recent years it has been a huge problem for the municipality. According to council finance chief Victor Everhardt, these problems will be over.
“The municipality and AEB are now ready for the sale”, Everhardt stated in a statement. “AEB has made good progress financially and operationally, over the past years,” he added.
In 2009, due to weak maintenance and other problems between employees and management, four of the six incinerators had to be shut down. Amsterdam has invested around 35M euros in the ailing company.
All shares will be sold
In October, the municipality tried to sell only some parts of AEB, but now the decision has been made to sell all shares. The green light for the sale has been made by The Board of Mayors and Aldermen on 12 January.
The new owner must fulfill some terms
In addition, since 16 percent of all waste is processed by AEB, which makes it the largest waste incinerator, the potential buyers have to fulfill some conditions.
The municipality is looking for an owner that will provide a long-term perspective, a clear vision to reduce CO2 emissions, and supplying heat to private homes, said Everhardt. All interested parties can start their registration up until 17 May.