24 Aug 2017
Everbright Water Secures Xinyi City Waste Water Treatment Project Phase IIISingapore, 24 August 2017 - China Everbright Water Limited ("Everbright Water" or the "Company", SGX: U9E) (中国光大水务有限公司), an environmental protection company focusing on water environment management, is pleased to announce that the Company has signed a supplemental agreement to the concession agreement today with the Housing and Urban-rural Development Bureau of Xinyi City, Jiangsu Province, to secure Xinyi City Waste Water Treatment Project Phase III ("Xinyi City Project" or the "Project"), with a total investment of approximately RMB71 million.
According to the supplemental agreement, the Project will be invested in, constructed and operated based on the BOT (Build-Operate-Transfer) model. The Project comprises processing municipal waste water and industrial waste water produced by non-chemical enterprises in a number of areas, including the urban districts of Xinyi City, Xin'an and Tangdian areas, Gangtou Town, Wayao Town, Hegou Town, as well as the Xinyi Economic Development Zone. With a concession period of approximately 24 years, the Project has a designed daily waste water treatment capacity of 30,000 m3, and the treated water from the Project will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002). Once the construction completes, the total daily treatment capacity of Xinyi City Project will increase to 100,000m3.
Mr. An Xuesong, Executive Director and CEO of Everbright Water, said: "Guided by the principles of prioritising ecological conversation and green development, Jiangsu Province proposed to establish an innovation demonstration zone for the national sustainable development program in northern Jiangsu Province earlier this month, in accordance with the deployment requirement by the State Council. It aims to drive economic and social development by leveraging technology and build a society which is resource-conserving and environmental-friendly in the coming few years. The province will place strong emphasis on environmental pollution treatment, ecological restoration, and clean energy promotion and application. Xinyi City Project does not only demonstrate the Company's commitment to the relevant policies, but also surges ahead the Company's market position in Jiangsu. Moving forward, the Company will continue to adhere to its working ethos of "Top Quality, High Standard and Outstanding Efficiency" throughout the project construction and operation, and will develop Xinyi City Project into an environmental benchmark project, both locally and regionally, to contribute to the improvement of the local ecological environment.