21 Nov 2012
Everbright International extends its presence in Zhejiang Province
Signed a co-operative framework agreement with Ninghai County on environmental protection projectsChina Everbright International Limited ("Everbright International" or the "Group") (SEHK: 00257), is pleased to announce that the Group signed a co-operative framework agreement with the Government of Ninghai County in Ningbo, Zhejiang Province this month for investment in energy conservation, environmental protection and alternative energy projects, with a total investment of HK$1.5 to 3 billion to improve and enhance the environment and energy structure of the Ninghai County.
Everbright International has successfully extended its footholds in Zhejiang Province this year. The Group is currently investing in waste-to-energy projects in Beilun District of Ningbo City. Riding on its extensive environmental protection development experience and strong reputation in the industry, Everbright International leverages this Beilun project to further extend its business presence into other provinces and cities in the Zhejiang Province.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "The co-operative framework agreement with Ninghai County not only extends our network in Ningbo City, but also lays a solid foundation for the Group to expand environmental protection market in Ningbo city. Ninghai County is the only National eco-model area in Ningbo City. We hope to create a beautiful environment to Ninghai County through our advanced technology and professional project management. By taking reference with the investment and management model in Jiangsu Province and Shandong Province, the Group will further make investments in environmental protection and alternative energy projects in Zhejiang Province in order to maximize its contribution in the environmental protection field in this province."