Fuyang Waste-to-energy Plant Phase I

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The project involves the investment, construction and operation of phase I of Fuyang Waste-to-energy plant, located in the circular economy industrial park of Fuyang District in Hangzhou City, Zhejiang Province of China. The project will be constructed in 2 phases having total designed daily waste processing capacity of 2,250 tonnes. Phase I of the project has a designed daily waste processing capacity of 1,500 tonnes (547,500 tonnes/year) and will be equipped with 2 x 750 tonnes/day grate furnace and 1 x 40 MW turbine power generator. The project is expected to generate approximately 180 million kWh of green electricity per year. One of the sponsors is China Everbright international Ltd holding a 49 per cent stake. The other sponsors are not disclosed. The concession agreement is for 30 years, including the construction. The project cost is approximately CNY 1.376 billion or $ 192.24 million. Financial close was reached on 2 September 2019. https://www.ebchinaintl.com/en/media/news_content-p190902.html