10 Sep 2015
Everbright International Wins Hunan Yongzhou and Sichuan Ya'an Waste-to-energy Projects10 September 2015, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has secured bids for the Yongzhou Waste-to-energy Project ("Yongzhou Project") in Hunan Province and the Ya’an Waste-to-energy Project ("Ya'an Project") in Sichuan Province.
Yongzhou Project will be invested in and constructed on a BOT (Build-Operate-Transfer) basis for a concession period of 30 years. It has a designed daily household waste processing capacity of 1,400 tonnes and will be constructed in two phases. Yongzhou Project Phase I has a designed daily household waste processing capacity of 700 tonnes with a total investment of approximately RMB380 million. It is expected to generate over 75,000,000 kWh of green electricity annually. All gas emissions will fully comply with the Euro 2000 Standard.
Ya'an Project will also be invested in and constructed on a BOT basis, with a 30-year concession period. The project will be constructed in two phases, with a total designed daily household waste processing capacity of 700 tonnes. Ya'an Project Phase I has a designed daily household waste processing capacity of 400 tonnes, commanding a total investment of approximately RMB280 million. The project is expected to generate over 45,000,000 kWh of green electricity annually, and gas emissions will fully comply with the Euro 2000 Standard.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The two successful bids for the waste-to-energy projects are a testament to the Group's comprehensive strength and first-rate market expansion capability. Yongzhou Project is another breakthrough in market expansion achieved by Everbright International in Hunan Province, following the Yiyang Waste-to-energy Project. Ya'an Project is the Group's first project in Sichuan Province to be secured via a bidding process and is also the Group's fourth environmental protection project in Sichuan Province. The projects will positively contribute to establishing Everbright International's brand presence and consolidate the Group's market position in the provinces. Additionally, both projects further demonstrate the Group's development strategy of expanding "from coastal areas to inland areas". The completion of the projects will help to improve the overall urban environment in the two cities and help achieve the goals of conserving both land resources and environmental pollution control as well as ensuring the integrated utilization of resources."