24 Aug 2016
Everbright Water Secures Nanjing Pukou Industrial Waste Water Treatment Project Phase ISingapore, 24 August 2016 – China Everbright Water Limited ("Everbright Water" or the "Company", SGX: U9E) (中国光大水务有限公司), an environmental protection company focusing on integrated environmental water services, is pleased to announce that it has secured Nanjing Pukou Industrial Waste Water Treatment BOT Project ("Pukou Industrial WWT Project" or the "Project") Phase I. The Company will establish a joint venture (the "Project Company") with Jiangsu Zhongbo Investment Development Co., Ltd. ("Jiangsu Zhongbo") through their respective subsidiaries. Everbright Water and Jiangsu Zhongbo will hold equity stake of 60% and 40% respectively in the Project Company which will be responsible for the operation of the Phase I of the Project.
The Project will mainly treat waste water from the integrated circuit industry zone in Pukou Economic Development Zone, Nanjing. The Project has a total contractual daily waste water treatment capacity of 40,000 m3 and will be constructed in phases. Phase I of the Project has a designed daily waste water treatment capacity of 10,000 m3 and will be constructed on a Build-Operate-Transfer ("BOT") basis with a concession period of 20 years. The total investment of the Phase I is approximately RMB62 million and the water discharge will comply with the national Grade 1A standard. The Phase I is expected to complete construction and commence operation in June 2017.
Mr. Wang Tianyi, Executive Director & Chairman of Everbright Water, said: "Everbright Water has already secured Nanjing Pukou Waste Water Treatment Project (Phase I, II and upgrade), Nanjing Liuhe Waste Water Treatment Project (Phase I and II) and Nanjing Pukou Reusable Project with a total designed daily treatment capacity of 140,000 m3. Winning of this Pukou Industrial WWT Project would further increase Everbright Water's scale of water projects in Nanjing as well as enhance Everbright Water's brand influence in Nanjing and the surrounding areas. It is also of great strategic significance to the Company in expanding its business areas. Everbright Water will continue to uphold engineering excellence, first-class technical standards and efficient management style to contribute to the economic development and green ecology in Nanjing city and Jiangsu province."