INDUSTRIAL conglomerate Sembcorp Industries has achieved all the funding for a £250 million (S$517.8 million) project in Britain, paving the way for construction to start, it announced yesterday.

The energy-from-waste facility plus waste transfer station is being developed through a joint venture that also includes French utility company Suez Environnement and Japan's Itochu Corporation.

The energy-from-waste plant in Britain's Teesside will be able to produce up to 49 megawatts of gross power or 190 tonnes per hour of steam using municipal and commercial waste.

It will divert up to 430,000 tonnes a year of waste from landfills and reduce carbon emissions by an estimated 130,000 tonnes annually.

The joint venture will also develop a waste transfer station in Merseyside to transport the waste by rail to the energy-from-waste plant in Teesside.