In the UK, European waste management major Indaver NV and Gent Fairhead & Co have announced reaching financial close on the Rivenhall Energy-from-Waste (EfW) project based in South East England.
According to a statement, Indaver is financing the project on its balance sheet which will involve an investment of around GBP500 million (≈ EUR 563 million).
We’re pleased to have reached financial close with Gent Fairhead & Co and are looking forward to work starting on the site later this year, said John Ahern, Indaver’s UK Business Development Director.
Site development work is due to commence later this year. This will be the first phase of a four-and-a-half-year construction programme.
We look forward to working in partnership with Indaver to develop the facility, said Richard Gudgeon, Gent Fairhead & Co’s Financial Director.
Part of Rivenhall IWMF
The proposed plant will be Indaver’s first waste-to-energy facility in the UK and will form part of the larger Rivenhall Integrated Waste Management Facility (Rivenhall IWMF).
The IWMF is allocated as a permanent strategic site within the Essex and Southend Waste Local Plan and has planning permission and a revised environmental permit for a 35 m flue stack.
The 49 MWe facility will treat up to 595 000 tonnes-per-annum of municipal solid waste (MSW), household and similar commercial and industrial, non-hazardous waste to provide power for use onsite and export to the grid.
In line with its role in the circular economy, its development will safely treat residual waste that is unsuitable for reuse and recycling without the need to resort to landfill or shipping it abroad. Indaver will recover non-combustible materials such as metal from the bottom ash and send for recycling. The bottom ash will be processed into aggregate.