The UK Green Investment Bank (GIB) has committed £28m of debt finance to a new £142m energy-from-waste plant at Millerhill near Edinburgh in Scotland.
GIB joins a lending club that includes Investec, Siemens Bank and Credit Agricole.
The 14.1MW combined heat and power facility is expected to treat up to 155,000 tonnes of waste every year once complete.
The waste, sourced mainly from local residences, will be pre-screened in a mechanical treatment facility to remove recyclable material before entering the energy recovery process.
Recycling and waste management company FCC Environment (UK) has been appointed to design, build and operate the plant by Zero Waste: Edinburgh and Midlothian, a joint venture between City of Edinburgh Council and Midlothian Council.
Construction will start immediately and the project is expected to create up to 350 jobs during this phase, with a further 40 operational jobs being created upon completion in 2019.
Image: impression of the facility (FCC Environment)
