The North London Heat and Power Project will provide a number of improvements that will benefit the local community, the environment and the economy.
Local community benefits
- Generate 78 megawatts of power from waste, which can supply electricity and heat for up to 127,000 homes.
- Support an impressive programme of over 100 apprenticeships and 225 skills training opportunities for the local community.
- A new education and community centre called EcoPark House, which will help local people learn about the values of reducing, reusing and recycling their waste.
- District heating network with the potential to heat Meridian Water.
- Save the equivalent of 215,000 tonnes of CO2 every year by using energy recovery rather than disposing to landfill. That’s like taking 110,000 cars off the road.
- Improve air quality in north London. The current facility operates 20% better than the permitted levels of nitrogen oxide and the new facility will perform at more than 60% better.
- Recycle 135,000 tonnes of waste each year and repurpose 18,500 tonnes of metal and ash to make roads, pavements and construction material.
- Create at least 100 local apprenticeships.
- 225 on-site skills training opportunities for school leavers or the unemployed who want to start a career in the construction industry.
- Boost the local economy – we’ve set targets to achieve 25% local employment and 10% local expenditure.
- Provide the opportunity for a new low-carbon heat network for Meridian Water, a local development with thousands of new homes, as well as new shops and businesses.
- Treat waste for over 2 million residents in the most cost-effective way.
These were taken account for in a Value for Money review of the project which was scrutinised by the Government (taking account of the environmental and societal benefits) and was awarded the maximum amount available ( £100 million) of preferential borrowing. This was approved against Treasury “Green Book” guidelines and established that it met all requirements.