Waste to Energy International (WTEI) started the development process aimed at South Africa to receive the WTE plant. Today, we have signed the agreement to develop, invest and construct the 1,000,000 tpa waste-to-energy (WTE) plant in South Africa. Based on our experience in Egypt and Ethiopia, a solid local company have reached us with a proposal for cooperation.
The planned facility belongs to the upper capacity range of the waste-to-energy plants. The efficient range for such a facility usually extends from 100,000 tons per annum (tpa) to 1,500,000 tpa. Comparatively, upon investment and construction cycle, South Africa will receive the WTE with a capacity of one million tons per annum, or 3,000 tons per day plant. Pretoria and the metro generate this amount of municipal solid waste (MSW). Now, the municipality can convert the waste to 60 MW of electricity to feed the country grid. That is to say, this amount is enough to supply 40,000 houses with electricity.
The consortium involved in the project includes WTEI as a technology developer, OAK as a financial developer and investor, and Real Time Biotech as a local developer and project sponsor. OAK Group Holdings, situated in Bahrain, is our long-term investment partner with great connections in the Gulf countries. It has direct access to the region’s private equity and institutional investors. Correspondingly, Real Time Biotech is our professional partner, deeply involved in the local business relationships in South Africa.
The project has passed several critical phases to the moment. Particularly, the pre-feasibility report counts 40 pages and comprises a professional document covering the initial aspects of the project. The feasibility study funding is secured and will be released in the next few weeks. The consortium plans to provide the feasibility study analysis in the first quarter of 2023. During this period, WTEI will select the potential technology supplier and receive the firm proposal containing the CAPEX and OPEX of the plant. Preliminary financial calculations provided by WTEI give a positive signal about the project’s efficiency.
Eventually, Waste to Energy International, OAK and RT Biotech are proud to commence the first development project targeted to construct a substantial modern facility in South Africa.