Developer Covanta and investor Green Investment Group have reached financial close on the Rookery South Energy Recovery Facility.
Over 300 jobs will be created during the 36-month construction programme.
Many opportunities will also be created for the local supply chain with a commitment from the project to purchase goods and services from local companies wherever possible.
Covanta will provide technical oversight during construction and will supply operations and maintenance services when the project commences operations in 2022.
Peter Brett Associates are consulting engineers on the project. The civils element of the project is expected to be worth up to £30m.
Veolia will deliver the majority of Rookery facility’s non-recyclable waste that will generate over 60 megawatts of electricity, powering the equivalent of over 112,500 homes.
“We are pleased to have reached this key milestone on the Rookery project, which is a major component of our UK development plan and the second of four initial projects to move forward with GIG,” said Covanta CEO Stephen J. Jones.
“The Rookery also marks the first project in the UK where we will assume an operating role and we are thrilled to contribute this core expertise to the project.”
