Gloucestershire County Council is set to finalise a 25-year waste deal with Urbaser Balfour Beatty (UBB) next week to provide an energy from waste facility.
The Gloucestershire waste deal was one of the schemes which had its PFI credits removed in the government’s spending review in 2010, cancelling £92m of funding which had been due to contribute to the estimated overall contract cost of £500m.
Details about the source of funding for the deal are unclear although market sources have told MRW that the UBB consortium have held discussions with the UK Green Investment Bank which said it was willing to provide top up funding for waste schemes. UBB declined to comment.
The council cabinet will be asked to approve the contract for the facility at Javelin Park near Haresfield to deal with household waste, on 12 September.
The scheme aims to divert 92% of the county’s residual waste from landfill and 14.5 megawatts of per year for at least 25,000 homes.
A planning application for the plant is currently being considered by the planning authority and an environmental permit application has been submitted to the Environment Agency.
Councillor Stan Waddington, cabinet project champion for waste, said extensive discussions had taken place to allow a formal contract to be reached.
“This deal is good value for Gloucestershire taxpayers and will help us deliver a clean, green and affordable solution to Gloucestershire’s rubbish,” he said.