The waste-to-energy plant will be one of the largest renewable energy projects there
By RONNIE LIM
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DESPITE the worldwide economic and credit crunch, Keppel Corporation has won a $518 million contract to build a waste-to-energy plant in the UK.
When completed in 2012, the plant will be one of the largest renewable energy projects there and will serve the Greater Manchester region.
It will be able to treat up to 420,000 tonnes per year of solid fuel derived from household waste, which it will convert into 270,000 megawatt hours of electricity and 500,000 tonnes of steam.
Announcing the deal yesterday, KepCorp said the engineering, procurement and construction contract was won by Keppel Seghers, the environmental technology division of Keppel Integrated Engineering (KIE).
'This is the largest privatisation project in the EU waste management and renewable energy market,' said KIE chief executive Chua Chee Wui. 'Winning it against the backdrop of a global credit crunch is a clear indicator of the financial credit quality, as well as the technological strength, of Keppel Seghers.'
The combined heat and power plant is part of a project by the Greater Manchester Waste Disposal Authority (GMWDA).
Keppel Seghers will build the plant for Ineos Runcorn TPS, a special-purpose vehicle set up for the project. TPS is owned by Viridor Waste Management, John Laing and Ineos Chlor.
About 275,000 tonnes of waste-derived fuel will be delivered to the plant by GMWDA and the rest by Viridor.
GMWDA has one of the highest levels of landfill waste in the UK. Reducing it will help the UK meet targets under a European Union (EU) directive.
This directive requires a cut in the amount of solid waste disposed to landfill and the treatment of any waste that is, to reduce the biological content. It will drive demand for alternatives to landfill, such as waste- to-energy plants and waste treatment - two areas in which Keppel Seghers is a leader.
KIE is building the Keppel Seghers Tuas Waste-to-Energy Plant in Singapore, to treat up to 800 tonnes of waste daily. In Qatar, it is carrying out a $1.7 billion project to design, build and operate a plant to treat 2,300 tonnes of waste daily.
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