As reported by the U.S.-based Waste Business Journal (http://www.wastebusinessjournal.com/), Covanta Energy recently announced that its Covanta Alexandria/Arlington subsidiary in Virginia struck a deal to extend its contract with the City of Alexandria and Arlington County to continue accepting their waste through 2018, with an option to extend it until 2038.
Under the new agreement, the tipping fee or gate rate for the plant in Alexandria will be cut from $84.58 per tonne to $42 per tonne, increasing 2.75 per cent per year thereafter.
Covanta Alexandria/Arlington, which has owned and operated the plant for nearly 25 years since it was built in 1988, has had a strong relationship with its municipal partners and been a showpiece project with an exemplary record.
Since 1988, the facility has converted about eight million tonnes of municipal solid waste into over four million megawatt hours of electricity, offset eight million tonnes of greenhouse gases, and recycled 36,000 tonnes of ferrous metal.