The companies yesterday signed a 27-year, £950m
The project involves Interserve building a £145m Mechanical Biological Treatment (MBT) facility and an on-site gasification plant in Sinfin, south Derby, which Shanks will then operate alongside Derby's existing waste management facilities.
They expect that the new facility will divert approximately 98 per cent of residents' residual waste from landfill while generating enough green electricity to power an estimated 14,000 homes.
The generated electricity will be provided to the national grid, offsetting the cost of waste treatment to the councils.
To fund the project, RRS is raising £195m from the
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