ADFD finances UAE waste-to-energy facility with $33m loan

The Abu Dhabi Fund for Development (ADFD) has approved a $33 million (Dh121 million) concessionary loan for the development of a waste-to-energy facility in Sharjah. It will be the flagship project of the Emirates Waste to Energy Company, a joint venture between renewable energy leader Masdar and Bee'ah, the environmental management company.

The plant will generate around 30MW of energy and is expected to treat more than 300,000 tonnes of municipal solid waste each year, at 37.5 tonnes per hour. The project is due for completion by early 2021.