23 Oct 2013
Everbright International Signs Strategic Cooperation Framework Agreement with Yibin City of Sichuan Province
To Extend Business into Central and Western China and
Meet the Group's Objective of Expanding from Coastal to Inland Areas
According to the Framework Agreement, Everbright International will actively participate in Yibin City's environmental protection plans, and help the city to achieve its energy conservation and emission reduction targets. As a preferred strategic partner of Yibin City, Everbright International plans to provide a series of integrated environmental protection services including household waste treatment, urban waste water treatment, food waste treatment, construction waste treatment, water resource conservation, soil remediation, photovoltaic energy generation, wind power generation, as well as environmental consultation and assessment based on a Contract Environmental Services Mode. The total investment amount of these projects, if fully implemented, is approximately RMB 2 billion.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The signing of this strategic cooperation framework agreement with Yibin Municipal People's Government marks the expansion of the Group's investment and development strategy from coastal areas to Central and Western China. Yibin City is a major city in Southern Sichuan with considerable economic momentum and its GDP exceeded RMB 100 billion in 2012. Everbright International will assist in developing the city's municipal environmental protection projects in household waste treatment, urban waste water treatment, water supply and alternative energy etc.. As always, the Group will continue to support quality projects for environmental restoration and strive to make Yibin City as one of the China's first 100 national ecological demonstration zones."