04 Nov 2019
Everbright Water Secures Two Waste Water Treatment Projects in Shandong Province
Singapore and Hong Kong, 4 November 2019 - China Everbright Water Limited ("Everbright Water" or the "Company", U9E.SG and 1857.HK) (中國光大水務有限公司), an environmental protection company focusing on water environment management, is pleased to announce that the Company has recently secured Ji’nan Tangye New Area Waste Water Treatment PPP project ("Tangye New Area Project") and Zibo Northern Waste Water Treatment Plant Expansion Project ("Zibo Northern Expansion Project") in Shandong Province, with a total investment of approximately RMB396 million.
Tangye New Area Project will be invested in, constructed and operated by a project company jointly established and led by Everbright Water based on a PPP (Public-private Partnership) model, with a concession period of 30 years (construction period inclusive). Everbright Water holds a 99.9% stake in the project company. The project will be mainly responsible for providing waste water treatment services to the Tangye New Area in the Licheng District of Ji’nan City. With a total investment of approximately RMB313 million, Tangye New Area Project has a total designed daily waste water treatment capacity of 45,000 m3 (comprising 25,000 m3 for phase I and 20,000 m3 for phase II). The discharged water will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002) (the "National Grade 1A standard"), with some of the discharge indicators superior to this standard.
Tangye New Area Project will adopt a semi-underground structure, marking another underground waste water treatment project of the Company, following Beijing Daxing Tiantanghe Waste Water Treatment Project, Ji’nan Huashan Waste Water Treatment Project and Ji’nan East Station Area Waste Water Treatment Project.
Separately, the Company entered into an agreement with the Management Committee of Shandong Zibo Economic Development Zone and secured Zibo Northern Expansion Project. The project will be invested in and constructed based on a BOT (Build-Operate-Transfer) model, with an investment of approximately RMB83 million for a concession period of 30 years (construction period inclusive). Its designed daily waste water treatment capacity is 20,000 m3. The discharged water will comply with the National Grade 1A standard, while some of the discharge indicators will be superior to this standard.