Abu Dhabi Future Energy Company, Masdar, and Bee’ah, the UAE’s leading environmental management company, have secured financing commitments for the Sharjah Multi-Fuel Waste-to-Energy Facility, the flagship project of Emirates Waste to Energy, a joint venture between the two companies launched in May 2017.
The waste-to-energy (WTE) project is the first of its kind in the UAE, and has received financing commitments from Abu Dhabi Fund for Development (ADFD), Abu Dhabi Commercial Bank (ADCB), Siemens Financial Services, and Sumitomo Mitsui Banking Corporation (SMBC).
Signing financing documents today were Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar; HE Khaled Al Huraimel, Group Chief Executive Officer, Bee’ah; HE Khalifa Al Qubaisi, Deputy Director General, ADFD; Mazen Zo’mot, Head, Wholesale Banking (Abu Dhabi & Al Ain), ADCB; Roland Chalons-Browne, Chief Executive Officer, Siemens Financial Services; and Masatoshi Takesako, Regional Head, Middle East, SMBC.
Also announced today was the finalization of the design, build and operate (DBO) agreement for this project with Constructions Industrielles de la Méditerranée (CNIM), a French engineering company who specializes in waste-to-energy.
The waste supply agreement (WSA) and power purchasing agreement (PPA) for the plant were signed with Sharjah Water and Electricity Authority last year in the presence of HE Dr Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment.
Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Viewing waste as a material resource that can be harnessed for power is the type of innovative thinking needed to deliver on the UAE’s sustainability agenda. Today’s signing of financial documents is a key step in the realisation of the UAE’s first waste-to-energy plant and paves the way for the commercialisation of other waste-to-energy projects.
HE Khaled Al Huraimel, Group CEO of Bee’ah, said: “Deriving energy from waste will pave a new path towards the UAE’s ambition of a sustainable future, by supplying the nation with clean energy and achieving the target of zero waste diversion in Sharjah. The new waste-to-energy facility is an iconic project as it is the first of its kind in the UAE. Through our contract with CNIM, we will be able to utilise the expertise of an industry leader in exploring the full potential of this facility, and in setting an example that can be replicated across other projects by the Emirates Waste to Energy Company”.
The Sharjah Multi-Fuel Waste-to-Energy Facility is due for completion by 2020, helping to achieve the UAE’s aim of diverting 75 per cent of its municipal solid waste from landfill by 2021 and Sharjah’s 2020 zero-waste-to-landfill target.
Within its first phase, the plant will treat more than 300,000 tonnes of municipal solid waste (MSW) each year, or 37.5 tonnes of solid waste per hour. It will also have the capacity to generate approximately 30 megawatts (MW) of energy.
The new plant has also been designed to meet the strictest environmental standards, complying with the European Union’s Best Available Techniques, widely recognised as the global standard.
Today’s signing ceremony took place during the Waste Management Solutions Forum at the EcoWaste Exhibition, a leading international platform for advancing sustainable waste management and recycling, and a key component of Abu Dhabi Sustainability Week.
About Bee’ah Bee’ah, the Middle East’s fastest-growing environmental management company, was founded in 2007, with the objective of creating a sustainable future, through creative and resourceful solutions. Since its inception, Bee’ah has pushed the boundaries of environmental innovation and crossed remarkable milestones, to become a force for change, across the region. The uniqueness of its approach and consistent drive towards excellence has helped the company to make rapid progress towards its goal of elevating Sharjah, to the position of Environmental Capital of the Middle East. Through revolutionary environmental management practices, systematic waste management, sustainability strategies for key resources and utilisation of renewable energy sources, as well as community engagement initiatives, Bee’ah seeks to set a benchmark for sustainability, for cities and communities everywhere.
Contacts: E-mail: email@example.com Tel enquiries: +971 6 572 9000 – Ext. 1804 For more information please visit: https://www.beeah.ae/en/interview-request
About Masdar Masdar is Abu Dhabi’s renewable energy company which works to advance the development, commercialisation and deployment of clean energy technologies and solutions. The company serves as a link between today’s fossil fuel economy and the energy economy of the future. Wholly owned by the Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, Masdar is dedicated to the United Arab Emirates’ long-term vision for the future of energy and water.
Contacts: E-mail: firstname.lastname@example.org Tel enquiries in Arabic: +971 2 653 3333 For more information please visit: http://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar
Use the Website Appropriately
Use our Website the way it is meant to be used. That is, don’t try to interfere with its security features, stop other people from accessing it, or damage or vandalise the information on it. We take these matters seriously and will refer them to law enforcement.
Everything on our Website is protected by copyright law. Accessing and viewing the content we provide to you does not give you any ownership of it, or rights to it. This means that you can’t use content you find on our Website in any way unless you get written permission from the person that owns it, which in most cases is Masdar. That includes logos, charts, and pictures as well as any text on the Website or in a file we provide on the Website.
If you want to request permission to use something from our Website, you can contact us here email@example.com . We’ll do our best to get back to you quickly and accommodate your request. If the content you want to use is owned by someone else, we’ll let you know that as well.
Content on the Website
Most of the content on the Website belongs to Masdar. Some of the content we provide, however, may come from other sources. Content on our Website that is not provided by Masdar is the sole responsibility of the person or group that provided that content. If you’re not sure if a specific piece of content is being provided by Mubadala or some other party, contact us and we’ll let you know.
When we provide you with content not owned by Masdar, either on our Website or in a link to another website not owned by Masdar, it is because we want to provide you with information that might be relevant to your interests in Masdar. It does not mean that the views in this content are Masdar’s. Likewise, if we reference a company, product, or service that is not provided by Masdar on our Website, it is intended to be informative and does not mean that Masdar endorses or recommends it.
What We Collect from You When You Visit the Website
We collect two kinds of information from you when you visit the Website.
First, we collect any information you voluntarily provide to us. For example, if you fill out the web form on our “Contact Us” page, we collect that information.
Second, we automatically collect some information from you that’s related to how you’re accessing the Website. For example, we collect the Internet Protocol (IP) address of the domain you use to access the internet, the date and time you access our site, the pages you visit, and the Internet address of the web site from which you linked directly to our site, as well as other similar features that are useful to us in providing the best possible content to you. This information is not shared with anyone beyond the support staff for this website, except when required by law or other law enforcement authorities, and is used only as a source of anonymous statistical information.
Limitation of Our Liability
We provide the Website to you on an “as is” basis. We don’t give you any warranties or guarantees about how the Website will work, the availability of the Website, or whether you can get results from the Website. Likewise, none of the third parties that provide any of the content on the Website give you any warranties about how it will work, its availability, or any results you can get from it.
Any liability related to the quality and performance of the Website, or the accuracy or completeness of the content on the Website, belongs to you. We are not liable for any acts or damages that arise out of your use of the Website in any way. We aren’t liable for any acts or damages that arise out of your inability to use the Website in any way. Likewise, none of the third parties that provide any of the content on the Website are liable for any acts or damages that arise out of your use, or inability to use, the Website either.