$1.2 billion Dubai Waste-to-Energy wins 2021 Deal of the Year award

The $1.2 billion Dubai Waste-to-Energy project, the largest in the world to be built in a single phase, has been chosen for the 2021 Deal of the Year award for the Middle East and Africa region.

Selected for the award by Project Finance International (PFI), a leading global reference in the field of industrial project finance, this public-private partnership closed its financing in June 2021.

When operational, it will have the capacity to process 1.9 million tonnes of municipal waste per year and generate 200 MW of electricity. The project is being developed by a consortium including Besix, Hitachi Zosen Inova, Dubai Holding, DUBAL Holding, Itochu Corporation and Tech Group.

Hans Beerlandt, Besix Group Head of Finance: “Our Besix Group teams worked for 4 years to create this world-class project with our client Dubai Municipality and our partners. Together, we conceptualized and designed the project, we set up and helped finance it, we are building it now, and we will manage its operation and maintenance for 35 years.

“We are therefore very proud to see this project win the “Deal of the Year” award from such a prestigious institution as PFI. I would also like to thank our co-developers as well as our advisors and group of debt providers who made this ambitious project possible.

Besix has a top-notch portfolio of concessions in transport and maritime infrastructure, water and waste treatment and sustainable energy production.

In the Middle East, the Dubai Waste-to-Energy project adds to Besix’s rapidly growing portfolio of environmental public-private partnerships. This includes infrastructure for the management, treatment and recovery of wastewater, notably in Ajman via Ajman Sewerage and in Abu Dhabi with the ISTP2 project.

In addition to these projects, Besix is ​​actively involved in the region’s first waste-derived fuel facility in Umm Al Quwain, a sewage sludge treatment unit for sustainable energy generation in Ajman and a transformation unit landfill gas into sustainable energy in Dubai. .

More recently, Besix has focused on developing social infrastructure for the region.

In Western Europe, Besix is ​​actively involved in the operation and long-term maintenance of locks (the Limmel anti-flood barrier and the Princess Beatrix lock in the Netherlands), road infrastructure (A6 tunnel and Coen in the Netherlands, Leopold II tunnel in Brussels), and buildings (the new police station in Antwerp which is now in its last year of construction).– TradeArabia Press Service

About Tammy N. McFarlane

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