05 Dec 2011
Everbright International Expands its Environmental Protection Business to Zhejiang Province
Signed a Cooperative Framework Agreement of Ningbo Municipality on Environmental Protection ProjectsChina Everbright International Limited ("Everbright International" or "the Group"), is pleased to announce that on 1 December 2011, the Group signed a cooperative framework agreement with the Ningbo Municipal Government for investment in the construction of energy conservation, environmental protection, alternative energy and municipal infrastructure facilities. Everbright International is to invest HK$3-5 billion in projects within Ningbo (including its counties and districts) to improve the environmental development and energy structure of the city.
According to the framework agreement, Everbright International is to invest in, construct and operate new projects on a BOT or TOT basis within three to five years. Starting with the waste-to-energy and waste water treatment projects as pilot projects, the Group will then gradually expand the scope of cooperation to other environmental protection-related projects, including urban waste water treatment, urban water supply, reusable water, municipal waste-to-energy, sludge treatment, integrated treatment of construction waste and kitchen waste, construction and industrial energy conservation as well as alternative energy projects such as solar energy, wind power and biomass power generation projects.
Mr. WANG Tianyi, General Manager of Everbright International, said, "Ningbo City in Zhejiang Province is one of the key cities that are targeted for development by the Group this year. Through this strategic cooperation, Everbright International will be able to establish its environmental protection business presence within Zhejiang Province. In addition, the strong support of the Ningbo Municipal Government to the Group provides a favourable environment for the Group's investment and development in Ningbo City, thus creating a green environment for its citizens and mutually benefitting both Everbright International and the residents of Ningbo. Therefore, with the focus on low-carbon ecology, environmental-friendliness, conservation of resources as well as cyclical economy, the Group will do its best on construction, operation and management of each and every project with the aim to make greater contributions to the environmental conservation and economic growth in the city."