Thursday, Jun 27, 2019
HomeBusinessWaste-to-energy still about five years away

Waste-to-energy still about five years away

Waste-to-energy as a power source could still be about five years away at the New Providence Landfill because the government is not yet ready for it, Chairman of Waste Resources Development Group (WRDG) Henry Dean said yesterday, adding that Bahamians will be able to invest in the project within one year.

Dean, who was speaking at a Rotary Club of West Nassau meeting, explained that his group sent in a proposal to provide waste-to-energy, suggesting the group is prepared to move ahead with it, but he revealed yesterday that the government has forced WRDG to put the idea on hold for another few years.

Waste-to-energy has been a significant aspect of the redevelopment of New Providence’s landfill, outside of reducing the amount and intensity of fires at the landfill. Dean said yesterday WRDG is preparing itself to handle any dump fires, and its team will be prepared to face any fire within ten minutes of it flaring up.

“We are stockpiling fill and sourcing fire fighting equipment,” said Dean.

He told the Rotary group yesterday that the initial phase of the remediation and redevelopment of the landfill will cost $20 million, while the extended work to the area will be about $40 to $50 million.

According to Dean, Providence Advisors, which holds a 40 percent stake in the company, has been vital in securing funding for the project. He said in 12 months Bahamians will be able to invest in the project and will be assured no less than a 10 percent return on their investment.

“We are pleased the administration has taken the bold step to provide a ten-year contract,” he said.

“Government has finally decided to trust Bahamians with the project. It provides encouragement for others to believe that opportunities like this will become available to them. We owe this government a great expression of appreciation.”

Chester Robards

Senior Business Reporter at The Nassau Guardian
Chester Robards rejoined The Nassau Guardian in November 2017 as a senior business reporter. He has covered myriad topics and events for The Nassau Guardian.
Education: Florida International University, BS in Journalism
FOLLOW US ON:
Sumner: Draft legisl
Consumer price index