14 Nov 2017
Everbright International Secures Wujiang Food Waste Treatment Project and Sanya Sludge Treatment and Disposal Project Phase II14 November 2017, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group has recently secured Wujiang Food Waste Treatment Project ("Wujiang Food Waste Project") in Jiangsu Province and Sanya Sludge Treatment and Disposal Project ("Sanya Sludge Project") Phase II in Hainan Province, with a total investment of approximately RMB187 million.
Wujiang Food Waste Project will be constructed on a BOT ("Build-Operate-Transfer") model, with an investment of approximately RMB141 million. The project is designed to have a daily food waste processing capacity of 200 tonnes, with a concession period of 25 years (construction period inclusive). The project will be invested in, constructed, operated and maintained by a project company which has been jointly invested in and established by Everbright International and the Suzhou Wujiang Public Utilities Group Co., Ltd. (蘇州市吳江區市政公用集團有限公司). The Group holds a 70% equity stake in the project company.
Sanya Sludge Project Phase II has a designed daily sludge treatment capacity of 100 tonnes, with an investment of approximately RMB46 million. With the project phase I being considered, Sanya Sludge Project has a total daily sludge treatment capacity of 150 tonnes, mainly focusing on processing sludge generated from the municipal waste water treatment plants in the administrative area of Sanya City. After treatment, the sludge will be delivered to Sanya Waste-to-energy Project for mixed incineration.
Mr. Hu Yanguo, CEO of Environmental Energy Sector at Everbright International, said, "Wujiang Food Waste Project is currently Everbright International's largest food waste treatment project. It will work synergistically with Wujiang Waste-to-energy Project; and both projects will provide a better solid-waste treatment solution to the Wujiang District than before. Meanwhile, given an increasing local demand, Sanya Sludge Project Phase II's daily treatment capacity has doubled from 50 tonnes to 100 tonnes. Sanya Sludge Project will not only offer comprehensive treatment of sludge discharged from the local municipal waste water treatment plants, but also further facilitate the city to achieve the harmless treatment, reduction and reuse of sludge."