Lakeside Energy from Waste, the company set up by Grundon Waste Management to develop its energy from waste (EfW) facility at Colnbrook near Slough, has selected its preferred bidder for the project.
Favourite to build the 400,000 tonnes per year plant is the Japanese consortium of Itochu and Takuma, which, if finally selected, will win a contract worth over £100 million.
Tokyo based Itochu is one of Japan's largest general trading companies while Takuma is one of the country's leading manufacturers of EfW plant technology.
Takuma has built 346 incineration plants in Japan, Taiwan, China and the USA, including the Tokyo Shinkoto plant.
Lakeside Energy from Waste expects to make the final award of the contract by the end of the summer, with commissioning of the plant scheduled for 2008.