29 Dec 2013
Everbright International Signs Investment Cooperation Framework Agreement with Zhuhai Government
Strengthens its Strategic Involvement in the Pearl River Delta and Advances the Development of Environmental Protection Industry in the Region29 December 2013, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has signed an Investment Cooperation Framework Agreement with the Zhuhai Municipal People's Government ("Zhuhai Government"), focusing on environmental protection industry park and areas of energy conservation, environmental protection and alternative energy.
Everbright International plans to invest RMB 3 billion in Zhuhai during the period of "the 12th Five-year Plan". The two parties have initially confirmed an industrial solid waste treatment project and an industrial waste water intensive treatment project as the first two areas of cooperation, and are considering further extending the cooperation to sludge treatment, household waste treatment, food waste treatment, photovoltaic energy and an environmental protection technology R&D centre etc.. The construction of the integrated environmental protection industrial park covering the cities at the west coast of the Pearl River Estuary to support the rapid industrial development in the western district of Zhuhai.
The Zhuhai Government is committed to providing a favourable investment environment and preferential policies to Everbright International so as to facilitate the optimization and upgrade of the local economic structure. Meanwhile, Everbright International will be appointed by the Zhuhai Government as its environmental consultant to provide world-leading environmental protection technology and improve the overall environmental quality of Zhuhai.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The investment cooperation framework agreement signed with Zhuhai Government marks a milestone in Everbright International's business development in the Pearl River Delta. The agreement covers a wide range of areas and provides ample room for cooperation and potential across all the projects, opening a new chapter for Zhuhai's evolution into an ecological civilization demonstration city. As a key city at the west coast of the Pearl River Delta, Zhuhai will have broader space for development following the launch of the Hong Kong-Zhuhai-Macao Bridge. With its leading technological advantages and an excellent management team, Everbright International is better positioned to help improve the environmental quality of Zhuhai and enhance the development of the environmental protection industry in the city."