Thursday, March 21, 2013

Best Stocks To Invest In 3/18/2013-2

CVA, Covanta Energy Corporation

CVA reported a new 20 year agreement with municipalities in the Bristol, CT area. CVA 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 CVA 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.

CVA is an internationally recognized owner and operator of Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy.

More about CVA at www.covantaenergy.com.

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