Interserve Regulatory News (IRV)

24 Jul 2012 07:00

INTERSERVE WINS £146m GLASGOW RECYCLING AND RENEWABLE ENERGY CENTRE CONTRACT

Interserve, the international support services and construction group, has won a £146 million contract with Viridor to undertake the engineering, procurement and construction of a Recycling and Renewable Energy Centre for Glasgow City Council.

Viridor has signed a 25-year Design, Build, Finance and Operate contract with the council to recycle and treat Glasgow's residual municipal waste. Interserve will create the new facility at the heart of this undertaking.

The amenity will be built at the council's own site in the south of the city. It will incorporate advanced facilities for recycling and anaerobic digestion and will deploy the latest waste treatment and gasification technology from Interserve's specialist supply-chain partners. Subject to Viridor securing planning permission, which is hoped will be in early 2013, work is expected to commence on site in the summer of 2013 and to complete in early 2016.

The centre will be able to handle between 175,000 and 200,000 tonnes of waste annually and is designed to prevent around 90 per cent of waste going to landfill. The new plant will also be able to generate up to 15MW of electrical power.

Adrian Ringrose, Interserve Chief Executive, says, "From an environmental standpoint it's vital that we find new ways of reducing the impact of the waste generated in our cities. This facility will make a real difference to Glasgow and the surrounding area and we are proud to be involved. It's a major infrastructure project and we shall be enhancing its sustainability both through the integration of advanced waste-processing technologies and through the use of local businesses in the building of the facility."

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For further information please contact:

Giles Scott 0118 960 2307

Head of Corporate Communications

Sam Turvey 020 7379 5151 MaitlandAbout Interserve

Interserve's vision is to be the Trusted Partner of all our stakeholders. We are one of the world's foremost support services and construction companies, operating in the public and private sectors in the UK and internationally. We offer advice, design, construction, equipment and facilities management services for society's infrastructure. Interserve is based in the UK and is listed in the FTSE 250 index. We have gross revenue of £2.3 billion and a workforce of over 50,000 people worldwide. Website: www.interserve.com.