FRENCH firm Suez could soon be burning west London’s rubbish to generate electricity in a deal worth up to £1.6bn.
Sita UK, a subsidiary of Suez, and its partners Lloyds and Itochu were yesterday named preferred bidders for a contract to manage up to 300,000 tonnes of household waste from six west London boroughs.
The deal is worth £900m, plus more for handling third party waste and selling the electricity generated at a new power plant.
Suez said its treatment of the waste will save 83,000 tonnes of CO2 emissions a year compared to the current process of sending the rubbish to landfill, and the six councils stressed that they would continue to increase recycling.
“Contracts like this make the circular economy a reality and show that environmentally sustainable solutions offer nothing other than business sense – extracting energy and employment from materials which too often are treated as waste,” said Sita UK chief executive David Palmer-Jones.