25 Jul 2012
Everbright International Penetrates Another City in Guangdong Province
Secures Waste-to-energy Project in Boluo County
Actively Develops Energy Conservation and Environmental Protection Market in Guangdong ProvinceChina Everbright International Limited ("Everbright International" or the "Group") is pleased to announce that it has secured a household waste-to-energy project in Boluo County of Guangdong Province today ("Boluo Project" or the "Project") as the bidder with the highest score. The Project marked another foot-print of the Group in expanding the market share in Guangdong Province following its Huidong Waste-to-energy Project. It also strengthens the Group's leading position in China's waste-to-energy industry. The total designed daily processing capacity of the Project is 1,050 tonnes. Phase I of the Project, with a daily waste processing capacity of 700 tonnes, commands a total investment of RMB 417 million. It is expected to generate electricity of 91,360,000 kWh annually.
Boluo County has been named as one of the top 100 counties among county-level economies across China for five consecutive years from 2007 to 2011. The County is ranked the top positions among all county-level economies in terms of economic and social development. The county has served in a strong exemplary role within Guangdong Province as well as nationwide. The Project is planned to become an innovative environmental protection demonstration base that features environmental education and culture, as well as eco-tourism. The Project will serve as a new tourist attraction in Boluo County that catches the attention from all-over the country.
Mr Chen Xiaoping, Chief Executive Officer of Everbright International, said, "The Boluo Project is the sixth waste-to-energy project this year following those in Nanjing, Pizhou, Wujiang, Ningbo and Sanya. The addition of this project further expands our share of Guangdong Province's energy conservation and environmental protection market and reinforces our presence in the waste-to-energy industry nationwide. Everbright International will build more environmental protection projects with a construction philosophy of 'first class quality, advanced technology, high standard and outstanding efficiency'. Our efforts will maximise shareholder's interests and create a pleasant living environment for our next generation."