China Energy wins USD 238m Ukraine EfW project

10 March 2020 - 12:00 am UTC

China Energy Engineering Corporation (CEEC), which has expressed an interest in financing and investing in an energy-from-waste (EfW) project in Ukraine, today said it has signed a deal to build the facility.

Subsidiary CEEC International and CEEC Guangdong Electric Power Design Institute will design, build, operate and maintain the plant under a USD 238m turnkey contract, the statement said. It did not give any project finance details.

The Karsa EfW Plant – located in Kiev – will be able to process 1,500 tonnes of municipal solid waste per day. The project will involve the construction of two 750 tonne-per-day solid waste incineration units.  

CEEC is also building one of Kiev’s first EfW projects called Cindrigo, which will have a daily municipal waste treatment capacity of 1,000 tonnes, also under a turnkey contract signed in April last year. 

The state-owned firm helped source debt financing from Chinese banks including ICBC and China Construction Bank with a financial guarantee from state credit insurer Sinosure, according to the Cindrigo website. 

The Kiev government selected a 13ha plot in the province’s largest city of Bila Tserkva for the Cindrigo plant. The 20 MW project will produce steam and hot water of about 200,000 MWh per year, with a two-year construction period.

In Ukraine, 94%of solid waste is disposed of in landfills. The only operating waste incineration plant in the country is located in Kiev, burning about 20% of the city’s municipal solid waste.

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