SOURCE: Covanta Energy

Covanta Energy

November 15, 2012 13:13 ET

Covanta Energy Announces New Agreements With Connecticut Municipalities for Sustainable Waste Management Services

150,000 Tons of Municipal Solid Waste and 25,000 Tons of Recyclables Now to Be Managed by Largest Sustainable Waste Management Company in the State

HARTFORD, CT--(Marketwire - Nov 15, 2012) - Covanta Energy Corporation (NYSE: CVA), a world leader in sustainable waste management and renewable energy, today announced new agreements with the Towns of West Hartford and Enfield for sustainable waste management services. Covanta is the largest owner and operator of Energy-from-Waste facilities in North America and the owner/operator of Covanta Projects of Wallingford, Covanta Bristol, Covanta SECONN in Preston and Covanta Springfield in Agawam, MA.

Covanta will provide one-stop shopping for waste disposal, recycling and composting. By bundling services, municipalities are able to save money on disposal costs and get credit back in the form of a rebate for recycling.

Since the end of 2011, Covanta has added a number of new partner municipalities in Connecticut including Guilford, Madison, East Hartford, Newington, Southbury, Windsor Locks and Vernon. The addition of West Hartford and Enfield brings the total amount of municipal solid waste Covanta will now manage as a result of these new partnerships to approximately 150,000 tons and the total amount of recyclables to 25,000 tons per year. The average agreement runs for four years with extension options.

"East Hartford and the other communities who have partnered with Covanta for sustainable waste management have gained a true partner -- not just a service provider," said East Hartford Mayor Marcia A. Leclerc. "Covanta provides significant savings, reliability and exemplary customer service. Their commitment to environmental protection and safety is unparalleled and we are proud to be handling our waste in a sustainable manner by utilizing Covanta's Energy-from-Waste facilities and recycling services instead of landfilling."

As part of the new agreements, Covanta also provides educational outreach funds to communities. These funds can be used for a variety of projects including hazardous household waste collections and energy-from-waste and recycling education programs.

"Covanta is excited to be entering into so many new long-term partnerships with communities that are seeking truly sustainable waste management," commented Steve Diaz, vice president and regional business manager for Covanta. "Covanta's infrastructure and relationships in the region enable us to provide bundled solutions at affordable and predictable rates. We look forward to providing our new partners with the world-class service Covanta is known for in the many years ahead."

Covanta's Energy-from-Waste facilities provide Connecticut communities with an environmentally superior alternative to landfilling their municipal solid waste, generating clean, renewable energy for more than 34,000 homes in the state and recycling enough metal to build more than 12,000 automobiles annually.

About Covanta
Covanta Energy Corporation is an internationally recognized owner and operator of Energy-from-Waste and renewable energy projects and a recipient of the Energy Innovator Award from the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. Covanta's 44 Energy-from-Waste facilities provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy. Annually, Covanta's modern Energy-from-Waste facilities safely and securely convert approximately 20 million tons of waste into 9 million megawatt hours of clean renewable electricity and approximately 9 billion pounds of steam that are sold to a variety of industries. For more information, visit