MORRISTOWN, N.J., Jan. 29, 2018 /PRNewswire/ -- Covanta
Holding Corporation (NYSE: CVA) ("Covanta" or the "Company"), a
world leader in sustainable waste and energy solutions, announced
today that the Rookery South Energy Recovery Facility ("Rookery")
has been granted an environmental permit by the UK Environment
Agency ("EA"). Issuance of the permit follows a detailed review and
consultation process by the EA.
The Rookery project, located in Bedfordshire, UK, will convert over 500,000
tonnes of residual waste per year into approximately 60 megawatts
of low carbon energy - enough electricity to meet the needs of
75,000 homes. Site preparation work has begun with full
construction anticipated to follow by mid-2018, in conjunction with
financial close. The project is expected to be fully operational in
2021.
"Receipt of the environmental permit represents one of the final
hurdles before we move into full construction of the Rookery
project," said Matthew Mulcahy,
Covanta Executive Vice President and Head of Corporate Development.
"The facility represents critical waste infrastructure that
will help the U.K. achieve national recovery, recycling and
renewable energy targets. We are pleased with the progress we have
made to reach this point and look forward to bringing this project
to completion."
In late 2017, Covanta announced a development agreement with the
Green Investment Group to develop new Energy-from-Waste projects in
the UK and Ireland. The Rookery
facility would be the first in the joint pipeline of UK
projects.
For more information on the project, visit
www.rookerysouth.co.uk.
About Covanta
Covanta is a world leader in providing
sustainable waste and energy solutions. Annually, Covanta's modern
Energy-from-Waste facilities safely convert approximately 20
million tons of waste from municipalities and businesses into
clean, renewable electricity to power one million homes and recycle
over 550,000 tons of metal. Through a vast network of treatment and
recycling facilities, Covanta also provides comprehensive
industrial material management services to companies seeking
solutions to some of today's most complex environmental
challenges.
For more information, visit www.covanta.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute
"forward-looking" statements as defined in Section 27A of the
Securities Act of 1933 (the "Securities Act"), Section 21E of the
Securities Exchange Act of 1934 (the "Exchange Act"), the Private
Securities Litigation Reform Act of 1995 (the "PSLRA") or in
releases made by the Securities and Exchange Commission ("SEC"),
all as may be amended from time to time. Such forward-looking
statements involve known and unknown risks, uncertainties and other
important factors that could cause the actual results, performance
or achievements of Covanta Holding Corporation and its subsidiaries
("Covanta") or industry results, to differ materially from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Statements that are not historical
fact are forward-looking statements. For additional
information see the Cautionary Note Regarding Forward-Looking
Statements in the Company's 10-K, previously filed with the
Securities and Exchange Commission.
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SOURCE Covanta Holding Corporation