Waste Management to sell waste-to-energy unit to Energy Capital

July 29 Tue Jul 29, 2014 7:51am EDT

July 29 (Reuters) - Waste Management Inc said it would sell its waste-to-energy unit to private equity firm Energy Capital Partners for $1.94 billion in cash.

The unit, Wheelabrator Technologies Inc, generated about $845 million of the company's total revenue of $13.98 billion in 2013. (Reporting by Ankit Ajmera in Bangalore; Editing by Saumyadeb Chakrabarty)

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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