Waste2Tricity Thai subsidiary to raise $10 million for land acquisition

By Lisa Kerner

Charlotte, N.C., Oct. 30 – Waste2Tricity Ltd. announced that its subsidiary Waste2Tricity International (Thailand) intends to raise $10 million for equity in a further round of investment.

Funds will be used to begin further pre-FEED and FEED works and to acquire land for construction of two 1,000 ton-per-day projects in Thailand, according to a news release. The funds will also be used to secure additional opportunities, including deposits on waste streams, PPA contracts and land options.

Each of these projects will be developed as an SPV funded by a combination of major Thai industrial companies, Thai and Korean banks and employ AlterNRG plasma technology.

Each project is expected to cost about $320 million and to produce 70 MW of electricity.

Waste2Tricity International has begun obtaining rights to waste feedstock and engaging in joint ventures with local partners in preparation for the project.

London-based Waste2Tricity is a structured solutions provider to the energy-from-waste sector, an industry that supplies electricity using feedstocks diverted from landfills.

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