Veolia has won a contract worth £1 billion to provide waste to energy services to Hertfordshire County Council.
It will invest in a new energy recovery facility, which will process 350,000 tonnes of waste and generate as much as 33.5MW of electricity every year.
The waste management firm expects the 30-year contract to create more than 300 jobs during construction and 40 permanent jobs the facility once operational.
Estelle Brachlianoff, Senior Executive Vice President Veolia UK and Ireland said: “This solution will not only maximise landfill diversion but also represents a source of low carbon energy which will power 69,000 homes per year.”
The facility is scheduled to start operating in 2020.