01 Apr 2016
Everbright International Obtains Xinyi Hazardous Waste Landfill Project1 April 2016, Hong Kong – China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that the Group has signed an investment agreement with Xinyi Municipal People's Government of Jiangsu Province ("Xinyi Government") to invest in and construct the Xinyi Hazardous Waste Landfill Project ("Xinyi Project" or the "Project").
Xinyi Project will be constructed and operated on a BOO (Build-Operate-Own) basis with a total investment of approximately RMB241 million. The Project has a designed landfill capacity of 600,000 m3 and a designed annual hazardous waste processing capacity of 20,000 tonnes, and will be constructed in two phases. The designed landfill capacity and annual hazardous waste processing capacity of Project Phase I are expected to reach 300,000 m3 and 10,000 tonnes respectively, with a total investment of approximately RMB166 million.
In addition, Everbright International and Xinyi Government are pushing forward with their cooperation on environmental protection and energy conservation. They have signed a framework agreement to invest in an environmental protection industrial park, with an expected total investment of RMB1.2 billion. Everbright International will leverage Xinyi Government's plans in the environmental protection and alternative energy industries to construct various environmental protection projects, including industrial solid waste treatment, urban-rural integration, medical waste treatment, food waste treatment, sludge treatment, alternative energy and environmental protection technology R&D center, etc..
Mr. Chen Xiaoping, CEO of Everbright International, said, "As a leading integrated environmental solutions provider, Everbright International will foster the growth of the environmental protection industry across China with its advanced technology and state-of-the-art management system. The Group's two water projects and the hazardous waste incineration project in Xinyi City have been highly regarded by the Xinyi Government. Now, the signing of the hazardous waste landfill project and the cooperation on the environmental protection industrial park by both parties will enable the Group to capitalize on this growing sector and to help building a comprehensive environmental protection industry chain in Xinyi City."