The agreement concerns development funding to the Harvest Waste project company Sorouh North BV to cover a proportion of the costs of the Harvest Waste led consortium to get to financial close on a 1,200 tonnes / day WtE facility. The facility will be built near Jenin, in the northern West Bank. The project has been awarded to the consortium after an international tender process.
The project contributes to:
The design of the plant complies with the European emission standards.Read more on our view on impact
In addition to a large number of local jobs – from academic level to unskilled – , the project with Sorouh North is to generate 40MW of clean electricity.
Thus the project will provide power to almost 280,000 people – based on a per capita electricity consumption of 1,139 kWh per year.
Invest International has supported Harvest Waste with various other project opportunities in low- and middle-income countries where municipal solid waste is diverted from landfills and open dumps.
Harvest Waste CEO Evert Lichtenbelt: ”The support we receive from Invest International helps us, an ambitious scale-up pursuing the closure of landfills, creating maximum environmental and social impact under challenging conditions. With the development capital Harvest Waste can expedite this much needed project towards financial close.”Read more on Harvest Waste
“With the development capital Harvest Waste can expedite this much needed WtE project towards financial close.”
Evert LichtenbeltCEO Harvest Waste
The project is exemplary for the project development activities where Invest International co-invests with a Dutch company to support them in advancing a specific project opportunity, generally to financial close.Read more on what we do