Dubai Waste Management Company (DWMC) said it has secured project finance worth $900 million from major institutional lenders including Japan Bank for International Cooperation (JBIC) for a major waste-to-energy plant (WtE), located at the former Warsan landfill site in Dubai. The other private global financial institutions involved in the funding are Société Générale Bank, KfW Ipex Bank, Standard Chartered, Sumitomo Mitsui Banking Corporation, Mizuho Bank, Siemens Bank and Crédit Agricole Bank. Nippon Export and Investment Insurance (Nexi) will provide the insurance for a part of the loan. DWMC had been set up as a special purpose development vehicle by global infrastructure major Besix, Tech Group, Hitachi Zosen Inova, Itochu Corporation, Dubal Holding and Dubai Holding Commercial Operations Group for this project.