27 May 2019
Everbright Water Secures Jiangsu Nanjing Pukou Industrial Waste Water Treatment Project Phase II
Singapore and Hong Kong, 27 May 2019 – China Everbright Water Limited ("Everbright Water" or the "Company", stock codes: U9E.SG and 1857.HK) (中国光大水务有限公司), an environmental protection company focusing on water environment management, is pleased to announce that the Company has today entered into a supplementary agreement to a concession agreement relating to Nanjing Pukou Industrial Waste Water Treatment Project ("Nanjing Industrial Waste Water Project" or the "Project") with Nanjing Pukou Economic Development Zone Administration Committee in Jiangsu Province. Pursuant to the supplementary agreement, the Company has secured Nanjing Industrial Waste Water Project Phase II, which commands an investment of approximately RMB859 million.
Nanjing Industrial Waste Water Project Phase II will be invested in, constructed and operated on a BOT (Build-Operate-Transfer) model by a project company, in which Everbright Water holds a 60% equity stake. Upon expiry of the concession period in August 2036, the Project Phase I and II will be transferred to the local government. The Project Phase II includes an industrial waste water treatment project and a reusable water project. The industrial waste water project has a total designed daily industrial waste water treatment capacity of 50,000 m3 (including a daily treatment capacity of 40,000 m3 for electronics waste water and a daily treatment capacity of 10,000 m3 for effluent from the Project Phase I), with discharged water complying with the Environmental Quality Standards for Surface Water (GB3838-2002) for Category IV. In the meantime, the reusable water project, with a designed daily water supply capacity of 12,000 m3, will provide reusable water for industrial use.
In 2016, Everbright Water secured Nanjing Industrial Waste Water Project Phase I. Since completing construction and commencing operation in the second half of 2017, the Project Phase I has been operating with good efficiency and compliant discharge. By effectively collecting and treating industrial electronics waste water generated from the Pukou Economic Development Zone, the Project Phase I helps reduce discharge pollution and improve water environment. As there has been an increase in industrial waste water production in the Pukou Economic Development Zone, implementation of the Project Phase II will effectively respond to such treatment needs. It will provide industrial waste water treatment services of higher quality to generate good environmental and social benefits.