Covanta and Green Investment Group Reach Financial Close on the Rookery South Energy Recovery Facility Image: Covanta

Construction is expected to take 36 months

Covanta Holding Corporation and Green Investment Group Limited has announced that the Rookery South Energy Recovery Facility in Bedfordshire, England has reached financial close and will commence construction.

Covanta and GIG will each own 40 percent of the state-of-the-art facility, with primary waste supplier Veolia ES (UK) Limited owning the remaining 20 percent.

Covanta ceo and president, Stephen J. Jones, said:

“We are pleased to have reached this key milestone on the Rookery project, which is a major component of our UK development plan and the second of four initial projects to move forward with GIG.

“Rookery also marks the first project in the UK where we will assume an operating role and we are thrilled to contribute this core expertise to the project.”

The Rookery facility will provide 545,000 tonnes of annual treatment capacity for non-recyclable waste. Veolia will deliver the majority of Rookery’s waste supply under a long-term contract.

The waste burnt will be a balance of waste sourced through other commercial, industrial and municipal counter-parties. The Rookery site will generate over 60 megawatts of electricity powering the equivalent of over 112,500 homes.

Head of GIG Europe, Ed Northam, said:

“GIG’s mission is to accelerate the transition to a greener global economy, and I believe Rookery can play an important role in helping the UK meet its goal of maximising the value of our resources to create a cleaner, greener, healthier planet.”

Construction of the facility will be led by Hitachi Zosen Inova under a turnkey engineering, procurement and construction contract. It is expected to take approximately 36 months to complete.