The total project investment is estimated at R$320 million (US$108.3 million) with a proposed debt / equity financing ratio of 71/29 . The proposed investment is a senior loan, of R$42 million (US$14.2 million) to develop the project. Along with IFC, Caixa Econômica Federal will also provide a senior loan of R$183 million (US$61.9 million).
The project's sponsor, FoxxHaztec, is the first company to win a mass burn WtE contract in Brazil and is the third largest waste management company in Brazil. In 2011, FoxxHaztec was awarded the project.
The WtE facility will have a processing capacity of 825 tons/day (300,000 tons/year), sufficient to process the waste of Barueri's 270,000 inhabitants and additional waste from surrounding municipalities corresponding to about 550,000 inhabitants. With an installed capacity of 19 MW and a 17.3 MW continuous power generation capacity (14.75MW net capacity) the WtE plant is forecasted to produce approximately 117 giga watt hours for export to the grid. The WtE facility will take 3 years to construct.
The project will be developed on a build, operate and transfer (BOT) basis. The contract period is 30 years.
The project aims to avoid emissions and to promote the renewable energy in the area. WtE by incineration, compared to traditional landfilling of waste, eliminates methane gas emissions, a potent greenhouse gas (GHG), reducing greenhouse gas emissions. WtE also reduces air and water pollution levels and other negative externalities compared to landfills while also producing a reliable, renewable source of electrical power.