Covanta Starts Construction on Waste-to-Energy Plant in Ireland

Covanta Holding Corporation announced this week that it has started construction on a new waste-to-energy facility in Dublin, Ireland. The project is being built as a Public Private Partnership between Dublin City Council and Dublin Waste to Energy Limited, which is majority owned by Covanta.

Covanta is responsible for the design and construction of the project, which will be able to process up to 600,000 tonnes of waste per year, will require approximately three years to complete and is estimated to have a total cost of approximately €350 million.

Dublin Waste to Energy Limited has entered into a 25 year tip fee arrangement with four Dublin local authorities through the Dublin City Council to provide disposal services for a minimum of 320,000 tonnes of waste annually, representing over half of the facility’s capacity.

The remaining capacity will be contracted from the market place, as communities across Ireland reduce their dependence on landfills as required by the EU Landfill Directive which is designed to reduce harmful greenhouse gas emissions from landfills. When complete the facility will generate enough renewable electricity to power approximately 50,000 homes. The project also has the potential to act as a district heating source for approximately 60,000 homes.

“After several years of diligent planning and preparation by many people within Covanta and Dublin City Council, we’re thrilled to put shovels in the ground and put people to work on this vital public private partnership. The new Energy-from-Waste facility will handle post-recycled waste to complement Dublin’s recycling efforts and provide a key component of an environmentally and economically sustainable waste management program. Furthermore, the facility will serve as a new source of clean, renewable energy. This significant investment in Ireland by Covanta will deliver long-term value for both the residents of Dublin and our shareholders,” said Anthony Orlando, Covanta’s president and CEO.

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