The USD 1.2bn Dubai Waste-to-Energy project, the world’s largest to be built in a single phase, has been chosen for the Deal of the Year 2021 award for the Middle East & Africa region.
Picked for the award by Project Finance International (PFI), a leading global reference in the field of industrial project finance, this public-private partnership closed its financing in June 2021.
When operational, it will have the capacity to process 1.9 million tonnes of municipal waste per year and generate 200 MW of electricity. The project is developed by a consortium comprising Besix, Hitachi Zosen Inova, Dubai Holding, DUBAL Holding, Itochu Corporation, and Tech Group.
Besix has a portfolio of first-class concessions in transport and marine infrastructure, water and waste treatment, and sustainable energy production.
In the Middle East, the Dubai Waste-to-Energy project adds to Besix’s rapidly growing portfolio of environmental public-private partnerships. This includes infrastructure for wastewater management, treatment, and valorisation, notably in Ajman via Ajman Sewerage and in Abu Dhabi with the ISTP2 venture.
In addition to these projects, Besix is actively involved in the region’s first Refuse Derived Fuel installation in Umm Al Quwain, a sewage sludge treatment unit for the production of sustainable energy in Ajman and a unit for the transformation of landfill gas into sustainable energy in Dubai.