The company has signed a Joint Development Agreement (JDA) with Cory Riverside Energy to deliver the Riverside Energy Park in Belvedere.
The facility will be capable of generating enough power/heat to supply the equivalent of 140,000 of London's homes, processing around 650,000 tonnes of residual waste which is currently sent to landfill each year.
The new plant will complement the existing Riverside Energy Recovery (ERF) Facility at the Belvedere site, comprising a range of integrated low-carbon technologies including waste energy recovery, anaerobic digestion, solar panels, and battery storage. The ERF plant was also delivered by HZI.
Up to 100 new jobs would also be created to operate and maintain either the power station or the additional fleet of tugs and barges which will be required to transport residual waste along the River Thames to the new facility.
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Nicholas Pollard, Chief Executive of Cory Riverside Energy, said: "The experience of building the first energy from waste facility at Belvedere with HZI has been a resounding success. The power station has proven enormously successful at converting London's “black bag” residual waste into London's electricity: not only is it the UK's largest energy from waste plant but it is also one of the most reliable.
"HZI's engineering and construction capabilities, together with Cory's expertise in river logistics and waste management, have stood the test and passed with flying colours.
"In selecting a technology partner for the second plant it was only natural that HZI and Cory would work together again, and develop an even better scheme to meet the waste disposal needs of London, its businesses, and its residents."
Bruno-Frédéric Baudouin, Chief Executive Officer at HZI, said: "We share Cory's vision for a facility which is capable of transforming even more of London's residual waste into reliable, baseload energy for London's homes and businesses.
"The first collaboration between Cory and HZI to design and build Riverside Resource Recovery Facility was highly successful. We are really looking forward to working together with the Cory team again throughout this new project, to replicate the success of our previous collaboration."
Construction is targeted to begin in 2021, subject to planning approval, and the energy park is expected to be fully operational by 2024.
(LM)
