30 Jun 2017
Everbright International's Can Tho Waste-to-energy Project Commences Construction
Vietnam's First High Standard Household Waste-to-energy Project is Expected to Commence Operation in 201830 June 2017, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group's Can Tho Waste-to-energy Project ("Can Tho Project" or the "Project") in Vietnam has officially commenced construction following a commencement ceremony held earlier today.
Everbright International won the bid for Can Tho Project in July of 2016 on a BOO (Build-Operate-Own) model, and signed a project investment agreement with the Can Tho Construction Department of Vietnam in December of the same year. The Project is invested in, built and operated by Everbright International, and has a designed daily household waste processing capacity of 400 tonnes. It commands a total investment of approximately USD47 million, with an operation period of 22 years (construction period inclusive). The core equipment at the Project will adopt Everbright International's self-developed apparatus, while its gas emissions will fully comply with the Euro 2010 Standard. The Project is expected to complete construction and commence operation in 2018.
At the commencement ceremony, Mr. Vo Thanh Thong, Chairman of Can Tho People's Committee, said, "The Municipal Government of Can Tho has been striving to tackle household waste treatment issues with the aim of enhancing people's livelihoods through environmental health efforts. At present, Can Tho collects around 650 tonnes of household waste daily, and the waste collection rate stays at 85%-90%. However, the solid waste is currently put into landfill or incinerated without generating any electricity. Given this situation, the municipal government proposed building a modernised household waste processing plant and invited bids for such project, with the expectation that it will apply advanced technology fully process the city's household waste. After the appraisal and visits to the bidders' projects, we unanimously chose Everbright International for the Project. Going forward, I urge every department and institution in Can Tho to facilitate Everbright International in accomplishing the project construction as scheduled."
Mr. Hu Yanguo, CEO of Environmental Energy Sector at Everbright International, who attended the ceremony, said, "Can Tho is a vibrant, promising and economically dynamic city. The successful launch of Everbright International's first overseas waste-to-energy project in Can Tho will continuously provide the city with green vitality. Supported by various government departments, partners and local residents in Can Tho, Everbright International has been highly professional in the way it has pushed forward preparations for the Project, strictly follows Vietnamese laws and regulations, and has completed all the preliminary procedures within only half a year. We will adhere to the principle of adopting 'Excellent Design, State-of-art Technology, Advanced Equipment, High-quality Construction and First-class Management' to develop the Project into a green benchmark for the Mekong Delta."
Mr. Chen Xiaoping, CEO of Everbright International, said, "Can Tho Project is Everbright International's first overseas waste-to-energy project, and will also become the first modernised operating household waste-to-energy project in Vietnam. The high regard given to businesses, as well as the friendly and supportive environment fostered by the Municipal Government of Can Tho, is especially heartening for investors. The successful launch of Can Tho Project is set to open up new opportunities for more comprehensive collaborations on other integrated environmental services between Everbright International and the local government."