Interserve Plc (IRV.L) said it has won a £146 million contract with Viridor to undertake the engineering, procurement and construction of a Recycling and Renewable Energy Centre for Glasgow City Council.
Viridor has signed a 25-year Design, Build, Finance and Operate contract with the council to recycle and treat Glasgow's residual municipal waste. Interserve will create the new facility at the heart of this undertaking.
The amenity will incorporate advanced facilities for recycling and anaerobic digestion and will deploy the latest waste treatment and gasification technology from Interserve's specialist supply-chain partners. Subject to Viridor securing planning permission, which is hoped will be in early 2013, work is expected to commence on site in the summer of 2013 and to complete in early 2016.
The centre will be able to handle between 175,000 and 200,000 tonnes of waste annually and is designed to prevent around 90 per cent of waste going to landfill. The new plant will also be able to generate up to 15MW of electrical power.
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