OSAKA, Japan, Aug 5 (Bernama) -- Kanadevia Inova AG (Switzerland; hereinafter “Inova”), a wholly owned subsidiary of Kanadevia Corporation (TOKYO: 7004) engaged in the development, design, construction, maintenance and operation of waste-to-energy and biogas plants, has signed a concession agreement (long-term project operation agreement) for a 33.5-year waste-to-energy project in Casablanca, Morocco, covering the design, financing, construction and operation of the facility.
Inova will carry out the project together with Nareva, a leading Moroccan integrated energy company, and ITOCHU Corporation. Inova will establish an SPC (Special Purpose Company) to implement the project while proceeding with EPC (Engineering, Procurement and Construction) and long-term maintenance agreements.