Veolia Energy to Operate the Energy Plant that Serves Six World-Class Hospitals

12/21/09  • Energy

Veolia Energy is delighted to announce it has signed a long-term agreement to operate the energy facility that serves six Harvard Medical School-affiliated hospitals based in Boston.

BOSTON, Dec. 21, 2009 – Veolia Energy North America, a leading provider of sustainable energy services, management solutions, and facility operations is pleased to announce that it has entered into a long-term agreement to operate and maintain the Medical Area Total Energy Plant (MATEP) assets in the Longwood Medical Area of Boston.

The 200-acre Longwood Medical Area is home to six world-class, Harvard Medical School-affiliated medical institutions: Harvard School of Public Health, Beth Israel Deaconess Medical Center, Brigham and Women's Hospital, Dana-Farber Cancer Institute, Children's Hospital Boston, and Joslin Diabetes Center. Collectively, these healthcare facilities feature more than 2,000 beds and serve 85,000 inpatients and 50,000 outpatients a year.

Morgan Stanley Infrastructure Partners and Veolia Energy North America formed a consortium to acquire the energy assets, with Veolia Energy North America taking a minority interest. Veolia Energy North America's investment serves as a demonstration of its long-term commitment to optimizing the economic, technical and environmental performance of the assets under its care. The operating contract will take effect upon the close of the MATEP acquisition, which is subject to customary regulatory approvals and the expiration of the waiting period under the Hart-Scott-Rodino Act.

"Operating and maintaining large thermal and electrical energy infrastructure in a cost-effective, energy-efficient, and environmentally sustainable manner is Veolia Energy's core business," said Stewart A. Wood, President and CEO of Veolia Energy North America." Veolia Energy is well-versed in the specific requirements of serving healthcare institutions. Applying our operating expertise for the comfort of all patients and performance guarantees for the benefit of these prominent hospitals provides an optimal fit for all stakeholders."

MATEP is a central district energy plant (heating and cooling) that operates in both cogeneration (combined heat and power) and combined cycle modes. The facility is comprised of combustion turbines, diesel and steam turbine generators, heat recovery steam generators, conventional boilers and large industrial chillers.

Veolia Energy delivers sustainable solutions to 5,130 healthcare establishments around the world, representing more than 454,000 beds. These solutions include thermal and electrical energy; HVAC, heating and cooling systems; sterilization and specialist heating; operation of refrigeration facilities; and medical vacuum. Veolia Energy helps the institutions to control their costs and improve their carbon footprint, while ensuring the highest reliability to critical areas such as operating and infant care rooms, and research and testing laboratories.

About Veolia Energy North America
A subsidiary of Veolia Environnement, the world's leading environmental services company, Veolia Energy focuses on controlling energy costs and reducing carbon footprints through energy-efficient, custom solutions. Solutions encompass the production and distribution of highly-reliable thermal energy; on-site operation of customers' complex equipment to enhance the technical, economic and environmental performance; combined heat and power generation (cogeneration); and the introduction of renewable fuels into the energy mix where it is viable. Veolia Energy North America serves customers throughout the Continental USA, with a national reach and capability, and owns and operates the largest portfolio of district energy (heating, cooling and cogeneration) networks in the United States. With approximately 335,000 employees globally, Veolia Environnement reported revenue of $50 billion in 2008.

Aaron Lindenbaum
Tel : 617-443-9933 x343