Biffa, Covanta and GIG reach financial close on 42MW waste to energy facility

The Newhurst facility will be located just off the M1 motorway and will be able to process up to 350,000 tonnes of non-recyclable waste annually

Joint venture partners Biffa, Covanta Holding Corporation and Macquarie’s Green Investment Group (GIG) have reached financial close on a 42MW energy recovery facility in Leicestershire.

The Newhurst Energy-from-Waste (EfW) facility, expected to cost up to £295 million to build, will be located just off the M1 motorway in the East Midlands and will be able to process up to 350,000 tonnes of non-recyclable waste annually.

It is expected to generate enough electricity to power around 80,000 homes a year.

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