15 Jul 2012
Everbright International Secures a Household Waste-to-energy Project in Sanya City of Hainan Province
First Project in Hainan Province Strives to Expand its Environmental Protection Market in ChinaChina Everbright International Limited ("Everbright International" or the "Group") announced that it has secured a household waste-to-energy project in Sanya City of Hainan Province ("Hainan Project" or the "Project") as the bidder with the highest score on 12 July. This is the first waste-to-energy project of the Group in Hainan Province, which helps the Group to expand its environmental protection business in the area. The Project has been designed with a daily household waste processing capacity of 1,050 tonnes. Phase I of the Project with a daily household waste processing capacity of 700 tonnes, commands a total investment of RMB425 million.
Sanya City is a renowned national and global tourist destination and has been described as "Oriental Hawaii". According to "The State Council's suggestion on Promoting the Construction and Development of Hainan International Tourism Island" announced by the State Council in 2010, Hainan Province will be developed into a world-class holiday resort and tourist attraction by 2020. The development of Hainan Province as an "International Tourism Island" will further raise the profile of Sanya City. The construction of specific projects in Sanya City will become a focus of attention by the rest of the country.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "The Hainan Project is our fifth waste-to-energy project after those in Nanjing, Pizhou, Wujiang and Ningbo secured this year. Winning the tender marks an important success of the Group in a new strategic investment field and geographic market. It consolidates our presence in the waste-to-energy industry and solidifies a foundation for our further development in Hainan Province. Looking ahead, the Group will continuously create a series of outstanding environmental protection projects which are of first class quality, advanced technology, high standard and outstanding efficiency with strong sense of social responsibility and mission. This is consistent with our ongoing efforts to become the leading player in the domestic environmental protection industry in China."