City of Zurich liquidates Fernwärme Zürich AG
The Josefstrasse waste-to-energy plant will be shut down at the end of March. It belongs to Fernwärme Zürich AG (FWZ), a joint venture between the City of Zurich and Energie Baden-Württemberg AG. With the closure, the city buys the German share. The FWZ is then to be liquidated.
The waste incineration plant Josefstrasse has reached the end of its service life and will therefore be shut down on March 31, the civil engineering and waste disposal department of the city of Zurich informed in a message . The area managed by the Josefstrasse plant will in future be supplied with district heating from the Hagenholz plant via a new connection line, it said.
The Josefstrasse cogeneration plant has been operated by the City of Zurich together with Energie Baden-Württemberg AG ( EnBW ) since 2011. The municipal service department ERZ Disposal + Recycling Zurich was responsible for operations. EnBW was responsible for the procurement of waste in neighboring countries. The two partners founded Fernwärme Zürich AG (FWZ) for the joint operation of the waste-to-energy plant.
With the closure of the Josefstrasse plant, the two partners are now ending their cooperation. As previously contractually agreed, the City of Zurich is therefore buying up EnBW's 40 percent stake in FWZ. The notification puts the purchase price at 480,000 francs. Following the complete takeover by the City of Zurich, the FWZ is to be liquidated.
