Covanta Holding Corp. (CVA) said that its unit, Covanta Honolulu Resource Recovery Venture, has amended its existing service agreement with the City and County of Honolulu, HI to include its activities as the designer, builder and operator of a $302 million expansion of the H-POWER Energy-from-Waste facility in Honolulu, HI.
The 900 ton per day expansion project, which will be funded and owned by the City and County, will increase the facility's capacity by about 40%.
Furthermore, the agreement extends Covanta's tenure as the facility's operator for 20 years upon the start of commercial operation of the expanded facility, which is expected to occur in 24 to 34 months.
When the new unit comes on line, it will provide Honolulu with additional disposal capacity for the municipal solid waste generated by 850,000 residents and six million visitors to the island of Oahu each year. Overall processing capacity will be increased to 900,000 tons per year, the company said.
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