Abu Dhabi’s Waste to Energy Project achieves financial close
3 July 2024
Hitachi Zosen Inova announce that the financial close inclusive of Notice-to-Proceed for the EPC of a groundbreaking project in Abu Dhabi was obtained on 28th of June 2024.
The consortium led by Marubeni Corporation, including Hitachi Zosen Inova (HZI) and the Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN), which had been selected to design, build, and operate the world’s most advanced Waste to Energy (WtE) facility on behalf of Emirates Water & Electricity Company (EWEC) and Tadweer Group, has achieved financial close and provided the consortium formed by Hitachi Zosen Inova (HZI) and ALEC BUTEC with the Notice-to-Proceed of the Engineering, Procurement and Construction (EPC) works of this project.
This plant, located near the Al-Dhafra landfill, marks a significant step towards the UAE’s circular economy, processing 900,000 tonnes of non-recyclable waste annually and reducing carbon dioxide emissions by 1.1 million tonnes each year.
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