Riverside Resource facility in Belvedere will provide enough power for 66,000 London homes

Costain has won a £120m contract to build a waste plant in South East London.

Andrew Wyllie
Wyllie: important step forward in the waste market

The contractor will deliver the Riverside Resource facility at Belvedere, which will process 585,000 tonnes of waste from 2011 and will generate electricity for 66,000 homes in London.

Waste will mainly be transported via the Thames, which Costain says will save 100,000 lorry trips a year.

Costain will deliver the main buildings, jetties, roads and offices for the £350m project, which is being built by Swiss plant construction company Von Roll Inova.

Andrew Wyllie, chief executive, said: “This contract award is an important step forward in the development of Costain's activities in the Waste market. It significantly strengthens our credentials for future work in the expanding area of cleaner energy generation and waste resource management.”