MWH Treatment has bagged a £48m contract to design, build and maintain a new Birmingham biomass plant that has been part-funded by the Green Investment Bank.
The £47.8m Tyseley plant will be funded through an investment consortium of the Green Investment Bank, Gravis Capital Partners, Balfour Beatty, Eternity Capital Management and Foresight Group’s UK Waste Resources and Energy Investments fund.
MWH Treatment will deliver the project under an EPC contract in line with the funding requirements. It is hoped that more than 100 construction jobs will be created on the project, as well as 19 full-time jobs once operational.
It is also thought the plant will save around 107,000 tonnes of CO2 emissions ever year and produce enough electricity to power over 17,000 homes.
MWH Treatments managing director John Abraham said: “Tyseley also allows us to offer our increasing energy expertise back into our core water business, where increased operational cost will continue to be a key challenge going forward.”
UK Green Investment Bank chief executive Shaun Kingsbury said he was pleased the GIB was able to support the project and hope it offered “a positive demonstration effect that others will follow.”