VEB helps finance 4 WTE plants in Moscow
VEB, Russia's national development corporation, RT-Invest, and the Swiss-Japanese consortium Hitachi Zosen Inova have signed a $1.7 billion agreement to build four large-scale waste-to-energy plants in a bid to cut the amount of municipal waste sent to Moscow landfills by about a third.
The project includes the construction of four plants in the Moscow region that will convert solid municipal waste into energy through thermal processing. The plants will be built in the Voskresensky and Solnechnogorsky municipal districts and the Naro-Fominsky and Bogorodsky urban districts. An agreement to construct a fifth plant in Kazan is being finalized.
The plants are expected to be completed in 2022, and result in the energy-efficient utilization of up to 2.8 million tonnes of the region's waste. It is estimated that the four plants will generate up to 2.2 billion kWh of electricity per year.
About 97% of Russia's waste is currently disposed of in massive landfills that can be the size of nine-storey buildings.
