20 Year Waste to Energy Agreement for Covanta in Connecticut

Morristown, New Jersey based waste to energy developer, Covanta Energy (NYSE: CVA) has signed a new 20 year agreement with municipalities in the Bristol, Connecticut area. Under the agreement Covanta said that it will provide waste disposal at the Bristol Resource Recovery Facility. The company added that the agreement provides for bundled services including recycling, bulky waste disposal, e-waste recycling and the management of organics/composting. According to Covanta the deal continues its long-term partnership with the municipalities which make up the Bristol Resource Recovery Facility Operating Committee (BRRFOC) that began with the development and construction of the Bristol Resource Recovery Facility in 1988. By including all facets of sustainable waste management in the bundled services agreement - not just waste disposal - Covanta said that the municipalities will save money with stable, predictable rates over the 20 year life of the agreement The company will also provide educational outreach funds to the municipalities to be used for a variety of projects including hazardous household waste collections and waste to energy and recycling education programs. The existing 'service fee' agreement will finish at the end of June 2014 at which time the new 'tip fee' agreement will commence with the BRRFOC municipalities supplying approximately half of the facility's waste disposal capacity. The Bristol Resource Recovery Facility processes approximately 650 tons (590 tonnes) of municipal solid waste per day and generates some 16 MW of electricity. Most of the energy is sold to Connecticut Light and Power, a subsidiary of Northeast Utilities. Read More Covanta Publishes Second Sustainability Report Covanta Energy's has published its second sustainability report as its 'Clean World Initiative' enters its fifth year. 30 MW Chicken Waste to Energy Plans Rejected in Northern Ireland Jan 7, 2013 A planning application for a 30 MW waste to energy facility which would have processed around 260,000 tonnes per year of chicken litter in Northern Ireland. Welsh Waste to Energy Public Education Video Jan 7, 2013 The advantages of treating unrecyclable residual waste in waste to energy facilities have been highlighted in a new public awareness video.