Japanese groups win contract to build $1.2bn WTE Dubai plant
DUBAI, December 26, 2020
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, being set up at an investment of 120 billion yen ($1.16 billion), said a report.
The 200MW facility will generate electricity by burning trash from households in the UAE city. It will be able to process about 6,000 tons per day, with an annual capacity of 1.9 million tons, equivalent to roughly half the city's waste, reported Nikkei Asia.
Once the plant gets completed in 2024, Itochu and HZI will operate it for 35 years.
The plant will produce enough power for 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%. 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.
