Hot on the heels of receiving planning permission for its Peterborough energy from waste facility, Viridor has announced that it has signed a 30-year residual waste treatment contract with Peterborough City Council (PCC).
The public private partnership requires the development of the energy from waste facility at the council’s existing site in the Fengate industrial area. The facility will have an 85,000 tonne capacity and will generate 7.25MW of electricity.
Around 90,000 tonnes of waste is produced in Peterborough each year, and this is expected to increase to 140,000 tonnes by 2040.
The project requires capital investment of approximately £75 million and the plant will be built by a joint venture between Babcock & Wilcox Volund and Interserve Construction as the engineering and procurement contractor to Viridor.
Capital funding for the project will be provided by PCC via its prudential borrowing facilities.
Viridor head of projects Robert Ryan said: “We are delighted to have signed this contract with Peterborough City Council. Our proposed solution will efficiently complement the council’s existing waste prevention and recycling schemes, and will contribute towards its commitment to become the UK’s environmental capital.
“The plant will also play an essential role in moving towards a greener economy by creating around 25 permanent jobs (including apprenticeship opportunities) and many more during construction. The project represents a further major step in the development of Viridor’s PPP/EfW pipeline.”