11 Dec 2017
Everbright Water Secures Shandong Dezhou Lingcheng Waste Water Pipeline Network PPP ProjectSingapore, 11 December 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 integrated environmental water services, is pleased to announce that the Company has won the bid for Dezhou Lingcheng Waste Water Pipeline Network Public-Private Partnership (PPP) Project ("Dezhou Pipeline Network Project" or the "Project") in Shandong Province with a leading score in the overall bidding process, and has signed an investment agreement with Lingcheng District Government of Dezhou City. The Project commands a total investment of approximately RMB70 million.
Dezhou Pipeline Network Project is the first PPP project implemented by Lingcheng District Government. The Project will be invested and constructed based on a BOT (Build-Operate-Transfer) model, with a concession period of 22 years. It will be transferred to the local government together with another project of the Company, Ling County Waste Water Treatment Project Plant I ("Ling County Plant I"), upon expiry of the concession period. Everbright Water will be responsible for, among others, the Project's investment and financing, design optimisation, construction, operation, maintenance and transfer. As an independent pipeline network project, the Project integrates the responsibilities of investment, construction and operation of the pipeline network. The construction work of the Project includes development of waste water pipeline network of approximately 28 kilometers and two waste water lift pump stations, as well as the upgrading of an existing waste water lift pump station.
Mr. An Xuesong, Executive Director and CEO of Everbright Water, said, "Ling County was renamed as Lingcheng District of Dezhou City in 2014. Prior to that, Everbright Water acquired Ling County Plant I based on a TOT (Transfer-Operate-Transfer) model in 2010, and upgraded the plant by the end of 2013. The signing of Dezhou Pipeline Network Project will enhance the local waste water pipeline network facilities. Some of the waste water produced in Lingcheng District will be channeled to Ling County Plant I for treatment through the new pipeline network - it will help improve the local environment. The new project secured by the Company in the waste water treatment sector of Lingcheng District is a testament to the recognition from the local government and residents towards our technological capabilities, operational track record and Everbright's brand reputation. We will carry out the front-end planning and construction design according to the local circumstances and demands. We will also fully leverage on our strengths and resources to positively contribute to Dezhou City and Lingcheng District, in achieving energy conservation, emission reduction, and water pollution prevention and control, in order to ensure good economic efficiencies and social benefits."