18 Jan 2015
Everbright International Signs Strategic Cooperation Framework Agreements
Expands Environmental Protection Market in Hebei and Sichuan
Boosts Development of Local Low-Carbon Industry
Baoding City is located in the center of Hebei Province, forming a Golden Triangle with Beijing and Tianjin. Baoding Investment and Development Company is a large, state-owned investment and financing company in the city and a major investor of Baoding's key municipal, infrastructure, and livelihood projects. The signing of the strategic cooperation framework agreement will further improve resource allocation in the city, forming complementary advantages and help advance the development of the environmental protection industry.
Guang'an City is a prefecture-level city in Sichuan Province and the closest city to downtown Chongqing. Guang'an City is experiencing rapid economic growth with its abundance of agricultural products including rice, corn and wheat, which makes it one of the major commodity grain bases nationwide. The signing of the strategic cooperation framework agreement will advance the collaboration between the two parties on veinous industrial park, biomass utilization and waste-to-energy projects as well as long-term strategic cooperation on energy conservation, alternative energy and other fields.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The signing of the two framework agreements is a significant move for Everbright International to implement its strategic business development plan of moving from the coastal to inland areas. The agreement with Baoding Development and Investment Company is expected to drive the integration of environmental governance in the Beijing-Tianjin-Hebei region, including air pollution control and water resources integrated utilization. We are bullish on the investment potential and development prospect of the region, especially Baoding City and Hebei Province. Leveraging our advantages, we would like to take this cooperation as an opportunity to further boost the comprehensive development of the environmental protection industry in the region."
Mr. Chen added, "The Group established the Sichuan Everbright Energy Conservation and Environmental Protection Co., Ltd. and entered the Sichuan low-carbon industry last year. The cooperation with Guang'an Government will facilitate the Group's development in Sichuan Province. At the same time, we will leverage our advantages and reinforce the Group's brand influence in the province and contribute to the local society and environmental protection."