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Waste management firm Veolia signs £1bn energy recovery contract

Global waste management business Veolia, which has its UK operations headquartered in London, has announced a huge billion-pound deal with Hertfordshire County Council.

The £1bn contract for a new energy recovery facility in the county North of London which will generate up to 33.5 (MW) of electricity each year from 350,000 tonnes of residual ‘black bin’ waste, that is landfill waste that cannot be reused, recycled or composted.

Veolia hopes to begin construction on the facility in 2017, pending planning approval, with a view to having the site operation by 2020.

The French multinational said that the project would create 300 construction jobs in Hertfordshire and a further 40 permanent jobs once the energy recovery facility is fully operational.

Commenting on the new agreement, Estelle Brachlianoff, Senior Executive Vice President Veolia UK and Ireland: “Our partnership with Hertfordshire County Council has been strengthened following this new contract that will result in a significant investment in waste treatment infrastructure.

“This solution will not only maximise landfill diversion, but also represents a source of low carbon energy which will power 69,000 homes per year.”

The waste firm has been on a sustainability drive in recent months with this latest deal following on from the acquisition of a new plastics recycling plant in East London in July.

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