Two Japanese groups of companies get contract to build a capital intensive bio-based power generation plant. A Japanese trading house Itochu and engineering company Hitachi Zosen have won the contract to build and operate one of the world’s largest waste-to-energy plants in Dubai. The project is being set up at an investment of 120 billion yen ($1.16 billion), said a report.
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This is partly a waste management scheme for the 200MW facility will generate electricity by burning trash from households in the UAE city, and at the same time removes trashes from streets and households in the city. upon completion, the waste-to-energy plant will be able to process about 6,000 tons or trashes per day, with an annual capacity estimated to be at 1.9 million tons, equivalent to roughly half the city’s waste, reported Nikkei Asia.
This is a mega project, or better put, a capital intensive project and it is projected to last a few years from now, maybe around 2024, and once the plant gets completed in 2024, Itochu and Hitachi Zosen, ZI will operate it for 35 years to ensure the safety standards are observed to fullness before its operations and management can be handed over to soon-to-be-competent indigenous companies.
Upon working to full capacity, the plant will produce enough power for up to 140,000 households, with an efficiency of about 30%, among the highest in the world for this type of facility, stated the report.
As per the deal, Itochu will own 20%, HZI 10% and state-linked Dubai Holding 31%. As expected, the remainder will split among three companies.
The project brings together the know-how of two companies with substantial experience in the field for their first joint foray in the Middle East, it added.
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