30 Dec 2016
Everbright International Has the Satisfactory End to the Year
30 December 2016, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") (HKSE: 00257) is pleased to announce that it has achieved another exciting accomplishment at the end of the year with the signing of an investment agreement today with the People's Government of Mianzhu City in Sichuan Province to invest and construct Mianzhu Hazardous Waste Treatment Project, with a total investment of approximately RMB260 million.
with the Signing of Sichuan Mianzhu Hazardous Waste Treatment Project
The project has an annual industrial hazardous waste incineration processing capacity of 20,000 tonnes, and will be constructed on a BOO (Build-Operate-Own) model with a concession period of 30 years. Its gas emissions will fully comply with the Euro 2010 Standard. The project will serve the Chengdu Economic Zone and will be adjacent to the Group's Mianzhu Urban-rural Integration Project, resulting in a synergetic effect in management.
Mr. Chen Xiaoping, CEO of Everbright International, said, "During 2016, Everbright International set another record by securing nearly 40 new projects with a total investment of over RMB14 billion. The Group is not only a devoted player in major domestic markets such as Jiangsu and Shandong, but is also proactively expanding its environmental protection business in Hubei, Jiangxi, Vietnam, Poland etc.. The Group's management has also proactively explored new business areas, including sponge city construction, river-basin ecological repair, industrial waste water treatment, the harmless treatment of the animal carcass etc., which will foster new sources of growth in the future, make its business more diversified and further enhance the Group's leading position in environmental protection market."
Mr. Chen adds, "The Chinese government promulgated a number of environmental protection policies in 2016, including the 13th Five-Year Plan for Eco-environmental Protection, the Opinions on Further Enhancement of Municipal Household Waste Incineration Work, the 13th Five-Year Plan for Biomass Energy Development, and the Water Pollution Prevention and Control Law (Draft Amendment). These policies are aimed at solving urgent environmental problems with higher degree of accuracy. The intensive announcement of these environmental protection policies by the government will benefit the environmental protection industry and further boost its development. We believe China's environmental protection industry will grow rapidly with an enhanced development momentum in the new year based on the strengths it has accumulated. Everbright International will uphold its principle of First Class Quality, High Standard and Outstanding Efficiency in order to build first-class projects and serve the areas in which our projects are situated, while focusing its efforts on improving the ecological environment. Furthermore, we remain committed to delivering fruitful results for our shareholders as a sign of our appreciation for their long-standing trust and faith in the Group."