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03/08/2008
Everbright International Wins Jinan Waste
Water Treatment Plant No. 3 Project
Optimizes Waste Water Treatment Operation in Shandong Province
China Everbright International Limited (“Everbright
International” or the “Company”) announces
the signing of a concession agreement with the Jinan Municipal
and Public Utility Bureau, pursuant to which the Company will
form a new subsidiary in Jinan city (the “Project Company”)
to undertake on BOT basis the third waste water treatment
plant in the city exclusively for a concession period of 26
years. The project commands a total investment of approximately
RMB138,000,000. It will be capable of treating to 100,000
tonnes of waste water a day and service charge will be paid
by the Jinan Municipal Government to the Project Company.
The project is a key construction project
for the city to welcome the National Games to be held in October
2009.
Mr. Chen Xiaoping, Chief Executive Officer
of Everbright International, said, “Being able to win
the exceptionally competitive bid among a dozen or so companies
reflected clearly the wide recognition the Company enjoys
for its capabilities in waste water treatment. With Plant
No. 1 and No. 2 in Jinan City already under our belt, this
latest win will allow us to integrate and optimize our waste
water treatment operation in the city. With strengthened presence
in the city, the Company will be able to more effectively
pursue other environmental protection projects in neighboring
areas of the city, meaning the project has strategic value
in helping the Company develop its waste water treatment operation
in Shandong province.”

Copyright (C) 2002 China Everbright International
Limited.. All rights reserved.
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