IDB decides on financing construction of incineration plant in Azerbaijan
Azerbaijan, Baku, Oct. 5 / Trend I.Khalilova /
The Islamic Development Bank (IDB) is ready to finance the construction of incineration plant for solid household wastes with a capacity of 500,000 tons in Azerbaijan and will allocate $120 million for its construction, the Azerbaijani government said on Oct.5.
The bank's board of directors is expected to approve this loan in a three-year program of cooperation with the government in 2011. However, the project may be approved earlier if the feasibility study is developed, the same source added.
In June, the Azerbaijan Economic Development Minister, the country manager of the bank Shahin Mustafayev met with IDB President Ahmad Muhammad Ali in Ashgabat during 34th meeting of Governors and appealed the Bank to accelerate the allocation of loan worth €100 million for this project.
The French company CNIM is the contractor of the project. The company has extensive experience in this field. It has built more than 120 waste burning plants worldwide. Currently, preparatory work is underway to start construction. The plant will be built within three years plus two years - the period of identifying defects and the next 20 years - the term of the operation CNIM.
The total construction cost of the plant is estimated at 346 million euros with a period of 36 months. About 86 million euros has been allocated for the construction of the plant. Launch of the plant will reduce domestic wastes 10 times in Baku and three times in weight. The plant will be able to burn annually 500,000 tons of domestic waste and produce of 231.5 million kilowatt hours of electricity.
In 2008, Azerbaijani Economic Development Ministry entered into a contract with the French CNIM type "key" (turn-key), which will be implemented on a DBO (Design - Build - Operate). This means that the responsibility for the design, construction and management of the plant will be assigned to one contractor CNIM.
The waste burning plant will have two lines of 250,000 tons and a turbine to produce electricity. According to the draft, the capacity of the plant can be increased by another 250,000 tons in the future. Precipitation ash left from burning waste could be used in road construction.
Do you have any feedback? Contact our journalist at: email@example.com