The new facility will be capable of producing up to 49 megawatts of gross power or 190 tonnes per hour of steam using municipal and commercial waste. It will be developed through a 40:40:20 joint venture between Sembcorp, SITA UK (a unit of Suez Environnement), and I-Environment Investments Limited (a unit of ITOCHU Corporation). The joint venture will also be developing a waste transfer station in Knowsley, Merseyside, to transport the waste by rail from Merseyside to the energy-from-waste plant in Teesside. Both facilities are targeted to begin operations in 2016.
The facility will enable the company to divert waste from landfill, convert waste to energy, reduce the consumption of fossil fuels and also lower carbon emissions. When completed, the plant will divert up to 430,000 tonnes per year of waste from landfill and reduce carbon emissions by an estimated 130,000 tonnes per year, compared to landfilling an equivalent amount of waste.
The total investment for both the new energy-from-waste facility and waste transfer station amounts to approximately £250 million (approximately S$513 million). Most of the project cost is being funded through long-term non-recourse project finance loans from Banco Bilbao Vizcaya Argentaria, Crédit Agricole Corporate and Investment Bank, UK Green Investment Bank, The Bank of Tokyo-Mitsubishi UFJ, Sumitomo Mitsui Banking Corporation, UniCredit Bank AG London Branch and Mizuho Bank.
The project is in line with the company’s strategy to focus on green business and transform its Wilton International site into a green hub. It will be Sembcorp’s second green energy facility on the site, after the Sembcorp Biomass Power Station, which has been operating since 2007. It will also provide a new income stream for the company and enhance the competitiveness of Sembcorp’s operations on the site when it becomes operational.
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