Dentons has advised BaltCap Infrastructure Fund on a PPP procedure related to the energy efficiency upgrade of public utility buildings in Mielno Municipality, Poland.
The private partner selected for the execution of the project is IZIM, a company belonging to the BaltCap Infrastructure Fund, which will co-finance the investment valued at over PLN 20 million. The contractor will carry out renovation works in four public utility buildings and will then maintain those buildings for a period of eight years. Once completed, the project will reduce heating and electricity consumption and carbon dioxide emissions by more than 70 percent.
Dentons describes the procedure as one of the few hybrid PPP projects in Poland, combining financing from a private partner with additional financing from the European Union.
Dentons team consisted of Managing Counsel Tomasz Korczynski and Senior Associate Jakub Kot.
The firm reported that it was unable to identify counsel for BaltCap.