43 MW CHP Plant to Supply Heat to Paper Mill : Financial Close for Wheelabrator’s 600,000 TPA Waste to Energy Plant in Kemsley, UK
Portsmouth, New Hampshire based waste to energy operator, Wheelabrator Technologies, has reached financial close on a new 606,000 tonne per year energy recovery facility in Kent, U.K.
The company said that its Wheelabrator Kemsley is a combined heat and power facility which will generate 43 MW of electricity while also providing valuable steam heat to the adjacent Kemsley Paper Mill, owned and operated by DS Smith.
Financial close on the £340 million project follows the award of an Environmental Permit by the Environment Agency in 2011 and planning permission by Kent County Council in March 2012.
In February 2015, Wheelabrator was awarded a 15-year Contract for Difference with the U.K. government for approximately 50% of the facility’s power output.
Fuel for the Wheelabrator Kemsley facility will come from across Kent and South East England, with 75% of the fuel supply hedged at fixed prices for terms ranging from 5 to 15 years with a number of top tier waste management companies.
Wheelabrator president and CEO Robert Boucher said that financial close was significant milestone in getting the project off the ground.
The company that site preparation work is underway and full construction of the facility is set to start in August. The expects plant operations to begin in 2019.
The construction phase is expected to create hundreds of additional jobs in the local area and over 40 new, full-time operational roles at the facility.
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