Viridor (Glasgow) Ltd called in law firm Pinsent Masons to advise them on the 25-year contract the waste services company has with Glasgow City Council.
Viridor will design, build, finance and operate a recycling and renewable energy site in the south of the city, to open by 2016 and treat 175,000-200,000 tonnes of waste a year.
The Glasgow Centre will comprise advanced facilities for recycling, anaerobic digestion and energy recovery by gasification, and it will make a major contribution on behalf of the City of Glasgow towards Scotland's ambitious Zero Waste Plan.
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The contract is subject to Viridor's gaining planning permission to build the plant. The company expects to make a planning application towards the end of this summer, in the hope of securing planning consent early in 2013.
Viridor will invest about £160m of its internal funds in the project, £10m more than was announced earlier in the month.
But the plant will create 250 jobs and save £254m on Glasgow City Council’s waste disposal bill.
The plant will be built by Interserve as the EPC Contractor.
Colin Drummond, Chief Executive of Viridor, said: "The new plants will have a combined gross electrical power generation capacity of 15MW and Viridor will work with its partner, Glasgow City Council, to maximise heat recovery opportunities."
(NE)
