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Glasgow waste deal signs
25 July 2012
Glasgow City Council has reached financial close on its £550m residual waste PPP.
Waste specialist Viridor will deliver the contract to design, build, finance and operate a new recycling and renewable energy centre at a site already allocated for the project by the council.Under the terms of the deal, the new plant will process up to 200,000 tonnes of waste per year over the 25 years of the contract.
Viridor will be investing £160m of capital into the project, and support services giant Interserve has been contracted to build the new centre.
“[This contract] is a further important step in the rollout of Viridor’s service contract pipeline and represents a key part of Viridor’s growth strategy in Scotland,” said the firm’s chief executive, Colin Drummond.
“The new plants will have a combined gross electrical power generation capacity of 15MW and Viridor will work with its partner, Glasgow City Council, to maximise heat recovery opportunities.”
The new site is due to begin generating energy in early 2016.
For more on this contract, click here.
