The Quezon City local government has not received any rival proposals for the waste to energy (WtE) project initiated by a Metro Pacific Investments Corp-led consortium under a Swiss Challenge process in the Philippines.
Next the Quezon City Council will need to approve the proposal submitted by the Metro Pacific Investments Corp (MPIC), Covanta Energy and Macquarie Group before the Mayor can formally award the project to them, a project source told Inframation.
The unsolicited project to design, finance, build, operate and maintain the Integrated Solid Waste Management Facility was estimated to cost around PHP 16bn (USD 411.9m) when it was submitted to the local government in September 2016.
Keppel Corp and Manila Water were among the potential challengers considering bidding but none submitted proposals ahead of Monday’s (4 February) deadline.
The project will be carried out through a joint venture, in which the local government will own 5% while the consortium owns the rest of the equity.
The plant in Metro Manila’s Quezon City will be capable of processing up to 3,000 metric tons of municipal solid waste (MSW) per day and generating 36MW over a 35-year concession period.
It will include a biodegradable source separated organics treatment facility, residual combustible waste treatment.
The project will earn revenue from tipping fees paid by Quezon City, power generation and the sale of by-products such as recyclables.