27 Jan 2015
Everbright International Secures Sichuan Mianzhu Waste-to-energy and Biomass Power Generation Projects27 January 2015, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has signed a concession agreement and an investment agreement with the People's Government of Mianzhu City, Sichuan Province, for the investment and construction of a household waste-to-energy project ("Mianzhu Waste-to-energy Project") and a biomass power generation project ("Mianzhu Biomass Power Generation Project") respectively in Mianzhu City.
Mianzhu Waste-to-energy Project is designed to have a daily household waste processing capacity of 600 tonnes and will be constructed in two phases. Project Phase I has a total investment of approximately RMB180 million and a daily household waste processing capacity of 300 tonnes. It will be constructed on a BOO (Build-Operate-Own) basis for 30 years and its gas emission will comply with the Euro 2000 Standard. It is expected to generate 32,500,000 kWh of green electricity annually.
With a total investment of approximately RMB320 million, Mianzhu Biomass Power Generation Project is designed to have an annual agricultural waste and straw processing capacity of approximately 300,000 tonnes. The Project will be equipped with a 130t/h furnace and a 30MW power generator to generate green electricity of 200,000,000 kWh annually.
The two projects will be located next to each other in the Gongxing Industrial Park of Mianzhu City, Sichuan Province, and will be mainly responsible for processing household waste and agricultural waste and straw from Mianzhu City. Mianzhu City is currently experiencing rapid economic development, it has rich natural resources and agricultural products, including rice and wheat. The estimated amount of collectible agricultural waste and straw totals nearly 380,000 tonnes annually. In addition, the two projects will share the same management team, office buildings and facilities to achieve optimum economic benefits.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Everbright International has a positive outlook on the future development of Sichuan Province at a time of new development in western China. Last year, the Group established Sichuan Everbright Energy Conservation and Environmental Protection Co., Ltd. and entered into the low-carbon industry in Sichuan Province, followed by the waste-to-energy and biomass power generation projects secured in Mianzhu. All of these achievements will effectively drive the Group's environmental protection business in Sichuan Province according to its development strategy of 'moving from coastal to inland areas'. As for our next step, leveraging our extensive management experience and leading technology, we aim to construct the two projects as showcase endeavors for the mutual development of urban and rural areas as well as the synergetic treatment of waste and biomass."