Masdar and Bee’ah have secured financing commitments for their Sharjah Multi-Fuel Waste-to-Energy Facility, the flagship project of Emirates Waste to Energy, a joint venture between the two companies launched in May 2017.
The waste-to-energy (WTE) project is the first of its kind in the UAE and will have capacity to treat 300,000 tonnes of municipal solid waste each year and power capacity of 30MW. It has received financing commitments from Abu Dhabi Fund for Development (ADFD), Abu Dhabi Commercial Bank (ADCB), Siemens Financial Services, and Sumitomo Mitsui Banking Corporation (SMBC). A signing ceremony for the financing took place during this week’s Waste Management Solutions Forum at the EcoWaste Exhibition, a leading international platform for advancing sustainable waste management and recycling, and a key component of Abu Dhabi Sustainability Week
The Sharjah Multi-Fuel Waste-to-Energy Facility is due for completion by 2020, helping to achieve the UAE’s aim of diverting 75 per cent of its municipal solid waste from landfill by 2021 and Sharjah’s 2020 zero-waste-to-landfill target. Constructions Industrielles de la Méditerranée (CNIM), a French engineering company who specializes in waste-to-energy, will oversee design, build and operate (DBO) of the project.
“Viewing waste as a material resource that can be harnessed for power is the type of innovative thinking needed to deliver on the UAE’s sustainability agenda,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “Today’s signing of financial documents is a key step in the realisation of the UAE’s first waste-to-energy plant and paves the way for the commercialisation of other waste-to-energy projects.
HE Khaled Al Huraimel, Group CEO of Bee’ah, added: “Deriving energy from waste will pave a new path towards the UAE’s ambition of a sustainable future, by supplying the nation with clean energy and achieving the target of zero waste diversion in Sharjah. The new waste-to-energy facility is an iconic project as it is the first of its kind in the UAE. Through our contract with CNIM, we will be able to utilise the expertise of an industry leader in exploring the full potential of this facility, and in setting an example that can be replicated across other projects by the Emirates Waste to Energy Company”.
