29 Jul 2014
Everbright International to Construct Changzhou Hazardous Solid Waste Treatment Project through a Joint Venture with Suez Environnement
Achieve Complementary Advantages and Jointly-construct a High standard Environmental Protection Project29 July 2014, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has established a cooperation agreement with Suez Environnement Group ("Suez Environnement") for the construction of Changzhou Hazardous Solid Waste Incineration Treatment Project ("Changzhou Hazardous Solid Waste Treatment Project" or the "Project") through a joint venture. Both parties will hold equity interests of 50% in the joint venture company.
Changzhou Hazardous Solid Waste Treatment Project will be constructed in Binjiang Economic Development Zone in Changzhou City. With a total investment of RMB280million, the Project is designed with an annual incineration processing capacity of 30,000 tonnes and its gas emission will comply with the Euro 2000 Standard. The Project will mainly serve enterprises located in Binjiang Economic Development Zone and Xinbei District, and will also cover industrial enterprises in Changzhou City and nearby cities and provinces.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Suez Environnement is a world-known environmental enterprise. The cooperation will create an excellent platform to achieve the complementary advantages of each party and improve the technology, operation and management levels in the field of environmental protection."
Mr. Chen Xiaoping continued, "Changzhou Waste-to-energy Project, the first environmental protection project that Everbright International invested in Changzhou City, is located in a busy area in Wujin District in the city. Since its completion of construction in 2008, it has adhered to high standards of operation and maintained strong relations with surrounding communities. It processes approximately 380,000 tonnes of household waste annually through harmless treatment, reduction and reuse of household waste. The Group also secured Changzhou Photovoltaic Energy Project, Changzhou Everbright Environmental Protection Industrial Park Project, Changzhou Xinbei Waste-to-energy Project, and now, Changzhou Hazardous Solid Waste Treatment Project, demonstrating the high recognition in which the Changzhou Municipal Government holds the Group's project operation and management policies. Changzhou Hazardous Solid Waste Treatment Project is situated next to Xinbei Project. The two projects will share public facilities, so as to reduce costs, conduct centralized management, and enhance their competitiveness. Together with Suez Environnement, the Group will construct a high quality environmental protection project and ensure it achieves optimum economic and social benefits."