28 Jan 2014
Everbright International Secures Hunan Yiyang Waste-to-energy Project
Expanding from Coastal to Inland Areas
Takes First Step into Central China Market
Yiyang Project will operate on a BOT (Build-Operate-Transfer) basis for a concession period of 30 years. It is designed with a total daily household waste processing capacity of 800 tonnes, generating green electricity of over 90,000,000 kWh annually, and all gas emissions comply with the Euro 2000 Standard.
Yiyang is an important city in Hunan Province. Close to the Yangtze River in the North and near the provincial capital Changsha, Yiyang enjoys a strategic location. The central urban area of Yiyang is included in the Changsha-Zhuzhou-Xiangtan Metropolitan Region in accordance with the "Hunan Province '12th Five-Year' Development Plan for the Changsha-Zhuzhou-Xiangtan Metropolitan Region", and is a pilot project for the creation of a resource-conserving and environmentally friendly society in the region.
Mr. Chen Xiaoping, CEO of Everbright International, said, "This is another landmark project demonstrating the Group's new involvement in inland cities following its existing work in coastal areas. It also marks the first crucial step of the Group's environmental protection market strategy in Central China. Yiyang Project will certainly enhance the Group's influence in Hunan Province and Central China, and lay a solid foundation for further development in the region. The Group will bring advanced technology and strong management expertise to the Project to create optimum economic and social benefits, and contribute to the development of the local society and environmental protection efforts."