The $1.2 billion Dubai Waste-to-Energy project, the world’s largest to be built in a single phase, has been chosen for the Deal of the Year 2021 award for the Middle East & Africa region.
Picked for the award by Project Finance International (PFI), a leading global reference in the field of industrial project finance, this public-private partnership closed its financing in June 2021.
When operational, it will have the capacity to process 1.9 million tonnes of municipal waste per year and generate 200 MW of electricity. The project is developed by a consortium comprising Besix, Hitachi Zosen Inova, Dubai Holding, DUBAL Holding, Itochu Corporation and Tech Group.
Hans Beerlandt, Head of Finance at Besix Group: “Our Besix Group teams have worked for 4 years to create this world-class project with our client Dubai Municipality and our partners. Together we conceptualised and designed the project, we set up and participated in the financing, we are now building it, and we will manage its operations and maintenance for 35 years.
“We are therefore very proud to see this project winning the ‘Deal of the Year’ award from such a prestigious institution as PFI. I would also like to thank our co-developers as well as our advisors and debt provider group who made the realisation of this challenging project possible.”
Besix has a portfolio of first-class concessions in transport and marine infrastructure, water and waste treatment and sustainable energy production.
In the Middle East, the Dubai Waste-to-Energy project adds to Besix's rapidly growing portfolio of environmental public-private partnerships. This includes infrastructure for wastewater management, treatment and valorisation, notably in Ajman via Ajman Sewerage and in Abu Dhabi with the ISTP2 venture.
In addition to these projects, Besix is actively involved in the region's first Refuse Derived Fuel installation in Umm Al Quwain, a sewage sludge treatment unit for the production of sustainable energy in Ajman and a unit for the transformation of landfill gas into sustainable energy in Dubai.
More recently, Besix is focusing on the development of social infrastructure for the region.
In Western Europe, Besix is actively involved in the long-term operations & maintenance of locks (the Limmel Flood Barrier and the Princess Beatrix Lock in the Netherlands), road infrastructure (A6 and Coen Tunnel in the Netherlands, Leopold II Tunnel in Brussels), and buildings (the new Antwerp Police Station which is now in its last year of construction).-- TradeArabia News Service