Plans for the facility include Veolias first UK mechanical biological treatment plant, which will treat residual waste.
As part of a 25-year PFI contract Veolia will build and operate the plant on behalf of the council. It is hoped the new plant will increase Southwarks recycling rate from 21 per cent to 30 per cent by 2011 to make it one of the highest recycling rates of any urban authority in the UK.
Managing director for Veolia Environmental Services in Southwark Simon Bussell said: This facility sets the standard for waste management in London. It will provide a long-term solution to Southwarks waste management needs and enable the borough to reap the environmental and financial benefits of processing waste and recycling as close to source as possible.
The facility will include our first UK MBT plant and we are proud to be working in partnership with Southwark Council to realise the enormous benefits of this development for the borough.
Aside from the MBT facility, the plant will include; a materials recycling facility to sort commingled recyclables; a household waste, reuse and recycling centre for residents to drop off bulkier items of household waste and recycling; and an educational visitor centre.
Approved on 8 September, the councils planning committee unanimously voted in favour of the plant.
Southwark Council executive member for environment Cllr Paul Kyriacou said: Were delighted that this new waste plant has been approved. This is a really exciting project for the council, and one that will really see us build on our already impressive recycling improvements in recent years.
As Veolias first MBT plant in the UK, this Old Kent Road facility will place us right at the forefront of recycling and rubbish treatment technology.