The Abu Dhabi Future Energy Company (Masdar) and Sharjah-based Bee’ah have secured financing for the UAE’s first waste-to-energy plant in Sharjah.
MEED reported in May 2017 that the joint venture had signed a power purchase agreement (PPA) with state utility Sharjah Electricity & Water Authority (Sewa) for the planned facility, which will have the capacity to treat more than 300,000 tonnes of municipal solid waste a year with a power generation capacity of 30MW.
The project has received financing commitments from the Abu Dhabi Fund for Development (ADFD), Abu Dhabi Commercial Bank (ADCB), Siemens Financial Services and Sumitomo Mitsui Banking Corporation (SMBC).
The developer has awarded a contract to France’s CNIM to design, build and operate the new plant, which will be located within Beeah’s existing waste management centre in Sharjah.
You might also like...
Ruwais LNG full EPC award expected in June
29 March 2024
PIF entity makes $1bn Lucid placement
29 March 2024
Petro Rabigh awards KBR maintenance contract
29 March 2024
Diriyah Company seeks firms for demolition work
29 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.