March 17 (Bloomberg) -- Cahill Energy, a Guernsey-based developer of clean-power plants, agreed to build a $241 million facility in Barbados that will use waste to produce electricity.
The plant will have a capacity of 30 megawatts to 35 megawatts, the company said today in an e-mailed statement after signing an agreement with the Barbados government. The facility will operate by the end of the second quarter of 2017.
Waste-to-power projects use municipal trash or other garbage to produce electricity. Barbados, an island nation in the Caribbean Sea, has a target to replace 29 percent of its oil-fired electricity output with generation from renewable and alternative sources by 2029.
“This project will help Barbados significantly to reach this target 10 years earlier than planned,” the island’s Energy Minister Darcy Boyce said in the statement.
To contact the reporter on this story: Louise Downing in London at firstname.lastname@example.org
To contact the editors responsible for this story: Reed Landberg at email@example.com Amanda Jordan, Stephen Cunningham