Contractor appointed preferred bidder on 28-year PPP scheme
Balfour Beatty has been appointed preferred bidder on a 拢500m waste-to-energy project for Gloucestershire council.
The contractor will invest 30% of the required equity, approximately 拢13m, in the 28-year PPP project.
Balfour Beatty will work on the scheme in a 30/70 joint venture with waste management company Urbaser.
Balfour Beatty will design and construct the facility, before handing over to Urbaser to operate it from late 2015 onwards.
The energy-from-waste facility will divert over 91% of Gloucestershire鈥檚 municipal waste from landfill.
Once complete the facility will generate 116,000MW hours of electricity annually, which is sufficient to power 25,000 homes.
Balfour Beatty chief executive, Ian Tyler, said: 鈥淲e are delighted to have been selected as preferred bidder for this long-term contract in the growing energy-from-waste sector.
鈥淭he facility will improve Gloucestershire鈥檚 waste infrastructure and make a major contribution to diverting more waste away from landfill.鈥�
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