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Covanta Energy Extends Partnership With Bristol Municipalities for Sustainable Waste Disposal
20 Year Agreement for Waste Disposal and Services Including Recycling, e-Waste and Organics
By: Marketwire .
Dec. 26, 2012 10:30 AM
BRISTOL, CT -- (Marketwire) -- 12/26/12 -- Covanta Energy Corporation (NYSE: CVA), a world leader in sustainable waste management and renewable energy, today announced a new 20 year agreement with municipalities in the Bristol, CT area. Covanta will provide sustainable waste disposal at the Bristol Resource Recovery Facility, in addition the agreement provides for bundled services including recycling, bulky waste disposal, e-waste recycling and the management of organics/composting.
The new agreement continues a long-term partnership between Covanta and the municipalities that make up the Bristol Resource Recovery Facility Operating Committee (BRRFOC) that began with the development and construction of the Bristol Resource Recovery Facility in 1988. The existing "service fee" agreement will end June 30, 2014 at which time the new "tip fee" agreement will commence. Under the new agreement, the BRRFOC municipalities will supply approximately half of the facility's waste disposal capacity.
The Bristol Resource Recovery Facility processes approximately 650 tons of municipal solid waste per day into 16 megawatts of clean, renewable electricity -- enough to power approximately 10,000 homes. Energy-from-Waste facilities like Covanta Bristol complement recycling efforts and reduce greenhouse gases by avoiding methane from landfills, offsetting greenhouse gases from fossil fuel electrical production and recycling metals.
Below are comments and reactions to the new agreement and long-term partnership by BRRFOC members.
Bristol Mayor Art Ward
New Britain Mayor Timothy O'Brien
Southington Town Manager Garry Brumback
Berlin Town Manager Denise McNair
Wolcott Mayor Tom Dunn
By including all facets of sustainable waste management in the bundled services agreement -- not just waste disposal -- the municipalities will save money with stable, predictable rates over the 20 year life of the agreement. Covanta will also provide educational outreach funds to the municipalities to be used for a variety of projects including hazardous household waste collections and energy-from-waste and recycling education programs.
"When considering their options for the future, the communities performed a considerable amount of due diligence and we're very pleased they selected Covanta to provide the sustainable waste management services they seek. Everyone involved in this project has enjoyed the benefits of our long standing relationship and we look forward to continuing and expanding our win-win partnership over the next twenty years," said Stephen Diaz, Covanta Energy vice president and regional business manager.
For more information on Covanta Bristol, please visit, http://www.covantaenergy.com/facilities/facility-by-location/bristol.aspx.
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