05 May 2017
Everbright International Ma'anshan Waste-to-energy Project Completes Construction and Commences Operation5 May 2017, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group's Ma'anshan Waste-to-energy Project ("Ma'anshan Project" or the "Project") Phase I in Anhui Province has completed construction and commenced operation.
Everbright International has established a joint-venture company based on the Public-Private-Partnership ("PPP") model with Jiangdong Holding Group Ma'anshan Municipal Public Utility Investment Company Limited, in order to invest in, construct, operate and maintain Ma'anshan Project through concession contract with a concession period of 30 years. The Project, constructed in two phases, will command a total investment of RMB519 million, with a designed daily household waste processing capacity of 1,200 tonnes.
Ma'anshan Project Phase I commands an investment of RMB450 million and has a designed household waste processing capacity of 800 tonnes. The Project Phase I is equipped with two 400 tonnes/day mechanic grate furnaces and an 18MW turbine power generator together with other supporting facilities. The gas is treated by "SNCR denitrification + (semi-dry + dry) de-acidification + activated carbon injection + bag-type dust removing + SCR" techniques and its gas emissions fully comply with the Euro 2010 Standard.
Mr. Chen Xiaoping, CEO of Everbright International, said, "The Ma'anshan Project is not only a key construction project in Anhui Province that will have an impact on the livelihoods of local residents, but also another major project of Everbright International in the province. The Project is regarded as one of the Group's landmark projects that echoes Everbright International's strategy of expanding its business from coastal cities to inland areas. In terms of operation management, the Project will embody the Group's working philosophy of striving for excellence, and will become more effective over time as it leverages its geographical advantage. With a commitment to achieving the harmless treatment, reduction and reuse of local household wastes, the Project will seek to maximise the economic and social benefits it provides."