Sterling & Wilson to build $202m power plant in Europe
12:00, 30 September 2021
India’s Sterling and Wilson Solar said Thursday it will build a solid waste-fired power plant in Europe. The announcement comes a month after the contractor publicised its foray into the waste-to-energy business.
The order – the firm's first in Europe – will see Sterling and Wilson Solar design and construct a 19.6 megawatt (MW) waste-to-energy power plant, for a “leading developer of energy assets”, as per a 30 September regulatory filing. The unnamed customer operates in the UK and in Europe, it said.
Construction of the INR15bn ($202m) facility is to commence this year and will conclude by end-2025. The scope of work involves engineering, procuring and installing the boiler, the steam turbine generator and condenser, pollution control equipment, the water treatment plant and associated equipment at the site.
Once commissioned, the facility will process 23.2 tonnes of non-recyclable solid municipal waste per hour, diverting over 185,600 tonnes of waste a year. The station will generate enough electricity to power over 30,000 homes and can also supply heat to be used by nearby businesses, the statement added.
“Since waste-to-energy projects have a larger execution period, through such orders, the company will be able to manage a consistent revenue stream year-on-year,” Sterling and Wilson Solar’s global chief executive Amit Jain commented. “This is an important project for the region, in terms of sustainability and renewable power generation,” he added.
Sterling & Wilson Solar has a market capitalization of INR63.9bn on the National Stock Exchange (NSE). The contractor is part of India’s Shapoorji Pallonji group.
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