17 Dec 2015
Everbright International Secures Shandong Zoucheng Waste-to-energy Project17 December, 2015, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has won the bid for Shandong Zoucheng Waste-to-energy Project with the leading score in the overall bidding process, it also signed a concession agreement with the City Appearance & Environmental Health Bureau of Zoucheng for the waste-to-energy project ("Zoucheng Project") which it will invest in.
Zoucheng Project will be constructed on a BOT (Build-Operate-Transfer) basis with a concession period of 30 years. It has a designed daily household waste processing capacity of 900 tonnes and will be constructed in two phases. Phase I has a daily household waste processing capacity of 600 tonnes, with a total investment of approximately RMB353 million. Gas emissions will fully comply with the Euro 2000 Standard and it is expected to generate approximately 70,000,000 kWh of green electricity annually.
Zoucheng is a national historical and cultural attraction and one of China's top tourist cities. Given its continued economic and social development and its increasing amount of waste generated, the Zoucheng government launched the waste-to-energy project to facilitate the harmless treatment, reduction and reuse of household waste.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Through over ten years in the waste-to-energy industry, Everbright International has developed unique advantages, such as a solid brand, advanced techniques, efficient project operation, and a strong management team. The Group has also developed a number of technical solutions for different regions and varying project scales. Zoucheng Project is the first waste-to-energy project in the city, and the fact that Everbright International won the bid for it with the leading score in the overall bidding process, is another demonstration of the Group's overall strength. Everbright International will adhere to its usual high standards to develop quality pilot projects in order to maximize the benefits for Zoucheng's economy and society, and contribute to the protection of the local environment."