11 Jan 2009
Everbright International Secures Concession to Operate Waste-to-energy Plant in JinanChina Everbright International Limited ("Everbright International" or "the Group") announced that it had won the tender for the waste-to-energy project in Jinan ("the Project") and signed the cooperative agreement regarding the Project with the Bureau of City Appearance, Environment and Sanitation of Jinan city on 10 January 2009.
The Project commands a total investment of approximately RMB900,853,300 (equivalent to approximately HK$1,017,514,000). The Group will invest, construct and operate the Project on BOT (Build-Operate-Transfer) basis for 25 years, with a daily waste processing capacity of 2,000 tonnes. The Project will take 18 months to build and key equipment for the plant will be imported from overseas suppliers of such mature and advanced devices. It will also be made to meet European I smoke and gas emission standard and European II dioxin emission standard.
On top of those waste water treatment projects the Group has taken over in Shandong, the Project is the first waste-to-energy project it secured in the Province. It is making the Group's environmental protection business more diversified in Shandong. The Group expects the Project will not only generate favourable economic return and benefit the community, but will also enhance its influence and brand presence in the environmental protection business sector in Shandong.
Mr. Chen Xiaoping, Chief Executive Officer of Everbright International, said, "Everbright International has already invested in three waste water treatment plants in Jinan. Winning the latest tender evidenced the Group overall strengths, its strong track record and good relationship with local authorities. It also speaks to the confidence the Jinan Municipal Government has in Everbright International. The Group believes, as its relationship with the Jinan Municipal Government continues to tighten, it will be able to take an even more active role in contributing to the efforts of the city in energy conservation and protecting the environment and native ecological systems, and also grab more environmental protection business opportunities."