UAE-funded consortium to build a waste-to-energy facility in Parkes
A consortium, led by Tribe Infrastructure Group (Tribe), will invest $1.5 billion to build an energy-from-waste facility in Parkes, in the Central West region of New South Wales. The investment follows the signing of the Australia-UAE Comprehensive Economic Partnership Agreement in November last year.
The Tribe consortium was selected by the NSW Government to build, own and operate the energy-from-waste facility in the Parkes Special Activation Precinct: the Parkes Energy Recovery facility. Subject to approvals and once complete, the facility is expected to treat approximately 600,000 tonnes of waste per annum and generate 60 MW of baseload electricity.
The facility will bring a $1.5 billion investment into regional Australia through the Tribe-led consortium, whose major shareholder is Tadweer Group. Tadweer Group provides waste management services in Abu Dhabi and pioneers unlocking waste as an under-utilised resource with ambitious international goals, striving to make significant contributions to sustainable waste management beyond the UAE.
Sydney’s landfill space is forecast to run out by 2030.
“We are now at a point where if we don’t take urgent action, our red bins won’t be able to be collected in a few years,” said NSW Environment Minister Penny Sharpe. “Parkes Energy Recovery will not only play an important role in solving NSW’s waste crisis — it will also drive investment and jobs growth in Parkes and the surrounding region, delivering 400 jobs during construction, and 50 ongoing jobs during operation.”
“Parkes Energy Recovery is poised to play an important role in bringing proven, world-leading technology to Australia,” said Edward Nicholas, CEO Development, Tribe Infrastructure Group. “It will help address New South Wales’s waste crisis while benefiting the Australian economy, communities and the environment.
“Energy-from-waste helps change the way we view and manage waste — to see it as a resource that can be used, instead of something to be discarded. If approved, this facility would divert waste from landfill and produce energy to power homes, businesses and communities across New South Wales.”
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