Dubai Holding has entered into a partnership with five companies to establish a cost of $ 4 billion dirhams 1.1 billion, to turn waste into energy.
According to Arab Net, the company said in a statement that the project partnership coalition also includes Duble Holdings and Hitachi Zusen Inova, based in Switzerland, Japanese and Besics and the Belgian Besics Group and the Local Tech Group for Construction.
Dubai Holding said in the statement on the project, the corporate coalition will be built and operated with the Dubai Municipality under a privilege for 35 years.
The statement said, named by the Dubai Waste Treatment Center in the Al-Wasan, the ability to treat 5666 tons of solid municipal waste produced daily and will raise about 1.9 million tons of waste annually to renewed energy to navigate 200 megawatts from clean energy.
Loan agreements were reached with a summit of $ 900 million with the Bank of Japan for international cooperation and other financial institutions, including Standard Chartered Bank and Sumitomo Mitsui Banking Group.
