29 Apr 2014
Everbright International Obtains Nanjing Gaochun Waste-to-energy Project
Explores New Technological Ground in Waste Treatment with the Proposed Use of Plasma Gasification Technology29 April 2014, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has signed an investment agreement with the Nanjing Gaochun District People's Government ("Gaochun District Government"), for the investment and construction of a household waste-to-energy project in Gaochun District ("Gaochun Project" or the "Project").
Gaochun Project, with a total investment of approximately HKD400 million, is designed to have a daily household waste processing capacity of 500 tonnes and generate green electricity of over 54,000,000 kWh annually. The Project will be constructed on a BOT (Build-Operate-Transfer) basis for 30 years and its gas emission will comply with the Euro 2000 Standard. In addition to household waste, Gaochun Project will also process other solid waste including agricultural straw and municipal sludge.
Through the introduction of plasma gasification technology as the Project's preferred technical solution, it will accelerate the research of new waste treatment technology, with the ultimate goal of manufacturing the technology domestically by adopting it to local markets.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Gaochun Project is situated next to the Group's Nanjing Waste-to-energy Project and Nanjing Jiangnan Veinous Industrial Park, allowing the three projects to take advantage of their synergy through the use of resources and achieve centralized management to effectively reduce costs. In addition, Gaochun District Government pays considerable attention to energy conservation and development of ecological civilization, and actively tries to employ the harmless treatment, reduction and reuse of household waste. Gaochun Project will be a starting point for us to initiate a comprehensive strategic cooperation with the Gaochun District Government in the areas of environmental protection equipment, environmental protection technology services and other environmental protection investment projects, in order to help improve the quality of the environment in Gaochun District and contribute to the sustainable development of the local community."