Suez wins 1 bln euro West London waste contract

PARIS, April 29 Mon Apr 29, 2013 4:10am EDT

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PARIS, April 29 (Reuters) - French water and waste group Suez Environnement has been selected as preferred bidder for a resource recovery contract worth 1 billion over 25 years with the West London Waste Authority.

Total revenue from the contract will be 1.9 billion euros, including the management of third-party waste and revenue from the sale of electricity.

The deal was won by a consortium led by Suez subsidiary Sita UK. The other consortium members are Lloyds Banking Group and Itochu Corp.

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