02 Mar 2015
Everbright International Secures Hainan Sanya Waste-to-energy Project Phase II2 March 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 for the construction of Sanya Waste-to-energy Project ("Sanya Project") Phase II with Sanya Municipal People's Government of Hainan Province ("Sanya Government"), commanding a total investment of approximately RMB166 million.
Sanya Project Phase II is designed to have a daily household waste processing capacity of 350 tonnes and will be equipped with a 350 t/d furnace and a 7.5MW power generator. Together with Sanya Project Phase I, which commenced operation in December 2014, the Sanya Project will have a total designed daily household waste processing capacity of 1,050 tonnes, generating on-grid electricity of 100 million KWh annually.
Due to the rapid growth of the population and economy in Sanya, the city's daily household waste has reached approximately 1,000 tonnes, which prompted the Sanya Government to start the construction of Sanya Project Phase II according to the concession agreement.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Following the Sanya Project Phase I and Sanya Sludge Treatment and Disposal Project, the Group further expanded the Sanya Project Phase II, demonstrating once again that Everbright International's strong brand image, and its technology, operation and management of environmental protection projects have been recognized by the Sanya Government. Upon completion of construction, Sanya Project Phase II is expected to further enhance the investment efficiency of the Sanya Project."