12 May 2015
Everbright Water Secures Ju County Waste Water Treatment Project
Further Enhancing the Group's Leading Position in Shandong Province12 May 2015, Hong Kong – China Everbright International Limited ("Everbright International" or "the Group") (SEHK: 00257) is pleased to announce that its subsidiary China Everbright Water Limited ("Everbright Water") has secured Ju County Chengbei Waste Water Treatment Project in Rizhao City, Shandong Province ("Ju County Project" or the "Project"), further enhancing the Group's leading position in the environmental protection market in the province.
Ju County Project was invested in and constructed by the government of Ju County in 2013. The Project completed construction and commenced operation in June 2014, and has a designed daily waste water treatment capacity of 40,000 m3. The water discharge complies with the Grade 1A national standard. The Project mainly processes the industrial and household waste water collected from the economic development zone of Ju County. Everbright Water secured the Project on a TOT (Transfer-Operate-Transfer) basis for a concession period of 29 years, commanding a total investment of approximately RMB103 million.
Mr. Chen Xiaoping, CEO of Everbright International and Chairman of Everbright Water, said, "Ju County Project is the first project secured by Everbright Water following its spin-off listing on the Singapore Stock Exchange and has been a positive start for Everbright Water. Everbright Water slowed down the pace of market expansion while conducting the reverse takeover last year and focused on the internal integration in the first quarter this year. It is now fully prepared. Leveraging adequate funds, a management team with rich experience and mature technology, Everbright Water will expand in China's water restoration market through development and external mergers to create fruitful rewards for its shareholders."
Mr. Wang Tianyi, General Manager of Everbright International and CEO of Everbright Water, said, "Shandong Province is included in the 'One Belt, One Road' initiative and has been confirmed as a strategic maritime support centre as well as a key region on the New Eurasian Land Bridge Economic Corridor. Rizhao City is in turn confirmed as Shandong Province's major nodal city in the 'One Belt, One Road' initiative and will therefore have great development potential in the future. At the same time, as the municipal government of Rizhao City attaches great importance to the city's waste water and waste treatment, the market potential for local environmental protection projects is vast. The securing of Ju County Project will serve as a good model, paving the way for Everbright Water to further expand into Rizhao City and the southeast areas of Shandong and its peripheral region. It will also reinforce the synergy between Everbright International's projects in Shandong Province and enhance the strategic layout of the Group's businesses."