08 Jan 2016
Everbright International Secures Jiangsu Jiangyin Waste-to-energy Project Phase III and Wins Suqian Food Waste Treatment Project8 January 2016, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has signed a supplementary agreement to its household waste-to-energy project concession agreement with Jiangyin Public Utility Management Bureau, Jiangsu Province. The Group will invest in the construction of the Jiangyin Waste-to-energy Project ("Jiangyin Project") Phase III.
Jiangyin Project Phase III will be constructed on a BOT (Build-Operate-Transfer) basis with a concession period of 30 years. It has a designed daily household waste processing capacity of 1,000 tonnes and will be equipped with two 500 tonne/day furnaces and a 25MW power generator. With the dismantled of the previous leachate treatment facility, the project will also build a new leachate treatment facility which will have a daily processing capacity of 1,000 tonnes. The total investment of Jiangyin Project Phase III is approximately RMB580 million. All gas emissions will fully comply with the Euro 2000 Standard and it is expected to generate approximately 105,000,000 kWh of green electricity annually. The Jiangyin Project Phase I and II commenced operation in 2008 and 2011 respectively with a total designed daily household waste processing capacity of 1,200 tonnes.
In addition, Everbright International announced that it has won the bid for the Jiangsu Suqian Food Waste Treatment Project ("Suqian Food Waste Project"), which is one of the 15 PPP pilot projects in Jiangsu Province. Everbright International will hold an equity interest of 80% and the Suqian Municipal Government will hold a 20% equity interest. Suqian Food Waste Project will be constructed on a BOT basis with a concession period of 30 years. It has a designed daily food waste processing capacity of 200 tonnes. Phase I has a designed daily food waste processing capacity of 100 tonnes and the total investment is approximately RMB79 million.
Mr. Chen Xiaoping, CEO of Everbright International, said, "Since entering the environmental protection market in Jiangsu Province in 2006, Everbright International has secured projects in a total of 19 counties and cities in the province, including Suzhou, Jiangyin, Suqian, Changzhou, Yixing and Wujiang. Following its early focus on waste-to-energy projects, the Group has diversified into a wider range of environmental protection projects such as photovoltaic energy, hazardous waste treatment, biomass integrated utilisation, food waste treatment and waste water treatment etc.. The Group is committed to transforming waste into energy and will continue to ensure compliance with emission standards, in order to help improve the environment of the communities in which our projects operate."
Mr. Chen added, "Through twelve years working in environmental protection, the Group has established projects in over 70 cities in 14 provinces in China, and also in Germany. As we enter the 13th Five-year period, given the government's support for the environmental protection sector and the importance given to environmental restoration by society, Everbright International will embrace an expanding market and many opportunities to develop. The Group will continue to adhere to the principle of achieving growth in both scale and efficiency, shoulder social responsibility, and be devoted to becoming the leader in the domestic and even the global environmental protection industry."