Ailing waste giant pays millions after feud over recycling plant | Inland

According to AEB, their dispute has been settled ‘in good consultation’, the company reports. AEB Amsterdam will pay an amount of 2.3 million euros to BAM / Banzo for the final delivery and maintenance of the installation. “Both parties therefore consider their mutual contractual obligations to be fully fulfilled.”

In September, it was announced that Amsterdamse Afval Energie Bedrijf (AEB) still had a financial megastrop above its head. The Amstel, Gooi and Vecht water board (AGV) is demanding at least ten million euros from the waste processor. That was the third million-dollar claim that has emerged in a short time and has not been reported to the Amsterdam city council. This is salient, because last year the city council allocated eighty million euros in tax money (of which 35 million has already been spent) to prevent bankruptcy. Councilors then requested an emergency debate.

There was also a lawsuit between AEB and project developer INB. INB is claiming 6.4 million euros from AEB after an argument about the construction of the AEB biomass power station in the Western Port area. Discussions are currently underway about this. Among other things, there are doubts about the legality of permits issued for the biomass power plant.

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