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Covanta announces start of construction on Dublin waste energy facility

15 Dec 2009

Waste energy developer Covanta Holding Corporation has begun construction on a new waste energy facility in Dublin, Ireland.

The project is being built as a public private partnership between Dublin City Council and Dublin Waste to Energy, which is majority owned by Covanta. Through its subsidiaries, Covanta is responsible for the design and construction of the project, which will be able to process up to 600,000 tonnes of waste per year, will require approximately three years to complete and is estimated to have a total cost of approximately €350m.

Covanta will operate and maintain the project for Dublin Waste to Energy, which has entered into a 25-year tip fee arrangement with four Dublin local authorities through the Dublin City Council to provide disposal services for a minimum of 320,000 tonnes of waste annually, representing over half of the facility’s capacity. The remaining capacity will be contracted from the market place, as communities across Ireland reduce their dependence on landfills as required by the EU Landfill Directive which is designed to reduce harmful greenhouse gas emissions from landfills. When complete the state of the art facility will generate clean renewable electricity – providing enough power for approximately 50,000 homes as well as district heating potential for approximately 60,000 homes.

Anthony Orlando, Covanta’s president and CEO said, ‘After several years of diligent planning and preparation by many people within Covanta and Dublin City Council, we’re thrilled to put shovels in the ground and put people to work on this vital public private partnership. The new energy-from-waste facility will handle post-recycled waste to complement Dublin’s recycling efforts and provide a key component of an environmentally and economically sustainable waste management programme. Furthermore, the facility will serve as a new source of clean, renewable energy. This significant investment in Ireland by Covanta will deliver long-term value for both the residents of Dublin and our shareholders.’

Covanta Holding Corporation is a recipient of the Energy Innovator Award from the US Department of Energy’s Office of Energy Efficiency and Renewable Energy (EERE). Annually, the company’s facilities convert approximately 20 million tons of waste into more than nine million MWh of renewable electricity and create ten billion pounds of steam that are sold to a variety of industries.

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