UAE firms secure financing for Sharjah waste-to-energy plant

17 January 2018
Project will be first utility-scale waste-to-energy plant in UAE

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.

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