AssetGen Partners has signed a contract with Bouygues Energies & Services for the turnkey construction of a 10 MW Waste to Energy (WtE) gasification facility in Hoddesdon, Hertfordshire, in the United Kingdom.
The contract worth about £82 million (US$121.4 million). GIB, through its fund manager, Foresight, is investing £30 million in a combination of shareholder loans and equity with co-investors NOY and P3P providing £20 million and £10 million respectively on the same terms.
Bouygues Energies & Services will be responsible for the engineering and construction of this 10 MWe facility and procurement of equipment, followed by operation and maintenance for a period of ten years. This will be the largest waste-to-energy gasification plant in the United Kingdom.
The gasification plant will generate 41.6 MW thermal, which, once converted through a steam turbine generator, will deliver 10 MWe. This represents a yearly net export of green electricity to the grid of 76,000 MWh which is enough to meet the annual demand of roughly 7,000 homes. The facility will be powered by more than 90,000 tonnes of RDF sourced from the commercial and industrial sectors and supplied by two of the UK’s leading established waste suppliers, Biffa and Powerday.
Jean-Christophe Perraud, CEO of Bouygues Energies & Services, stated:
“This contract once again confirms Bouygues Energies & Services’ capacity to deliver a large, complex industrial project in the energy infrastructure sector. Furthermore, this project will work towards achieving energy independence in the United Kingdom via the production of a local source of energy.”
Bouygues Energies & Services will provide a turnkey solution based on proven technology developed by Biomass Power Limited.