PUBLIC PRIVATE PARTNERSHIP FOR WASTE TO ENERGY PROJECT

Abstract

Waste to Energy (WtE) also known as Energy from Waste (EFW) is the process of generatingi some useful form of energy in the form of – Mechanical, Electrical, Heat or Thermal Energy from Municipal Waste or garbage- Solid or Liquid. It is a form of Energy recovery mechanism in which the Potential Energy, hidden in the form of Chemical Energy is converted into heat and electrical energy, by primary treatment of waste into fuel source. With Asia's high population density and rising urbanizationi along with populationi growth, there is a growing need to properly manage municipal solid garbage (MSW). Waste to electricity is a viable and suitable approach for reducing trash volume while minimizing environmental and social consequences. Waste to Energy plants requires a huge investment, financial planning and stakeholder relationships- Government bodies, private partners in PPP – Public Private Partnership, network based projects. Today, there is a need of sound PPP models and framework which shall imply on effective financing solution and cost analysis of the infrastructure projects. Development and implementation of such projects requires large investment and thereby government is bound to attract private funds from Indian private firms or FDI – foreign direct investment from Asian Development Bank (ADB), World Bank, UNHABITAT, and development funds. Nevertheless, due to the extended project life time, long gestation period and poor Power Purchase Agreement (PPA), there had been failures of WtE in India in past. Waste to Energy Plant cost depends on the choice of technology and partnership model under PPP frameworks with proper financing pathways. However, success of any project not only depends on the technology selection but also on the proper financing and Cost analysis with sound technical and financial feasibility. In the view of above, with an objective of designing an efficient, sustainable and viable Waste to Energy Projects, I intend to make the Research Project report on ‘Public Private Partnership for Waste to Energy Project wherein I shall focus on the Technical Feasibility, Financing for WtE, Future scope of such technologies in India and Governance aspects in such Projects.