28 Jun 2019
Everbright Water Secures Haimen Waste Water Treatment Project and Upgrading in Jiangsu Province
Singapore and Hong Kong, 28 June 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 secured Haimen Waste Water Treatment Project ("Haimen Project" or the "Project") and Upgrading in Jiangsu Province. The Project and Upgrading command a total investment of approximately RMB140 million, which is comprised of the transfer price for Haimen Project amounting to approximately RMB46.72 million, and the upgrading work amounting to approximately RMB93.43 million. The Project and Upgrading have a concession period of 30 years (including the construction period).
Haimen Project completed construction and commenced operation in July 2004. It is mainly responsible for the treatment of industrial waste water discharged by companies in the Qinglong Chemical Industrial Park in Haimen City, with a designed daily waste water treatment capacity of 10,000 m3. A consortium, which was led by Everbright Water, has won the bid for the Project and Upgrading based on a ROT (Rehabilitate-Operate-Transfer) model. A project company (the "Project Company") will be jointly established by Everbright Water and an investor representative of the Haimen government, with Everbright Water holding a 90% stake in the Project Company. The Project Company will be responsible for the design, investment, financing and construction of Haimen Project and Upgrading; and during the operation and management period, it will be responsible for the operation, maintenance and upgrading of all facilities relating to the Project. The discharged water will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002).
By fully leveraging on its advantages on technology and operation relating to the industrial waste water treatment sector, Everbright Water secured Haimen Project based on the ROT model. The Company will achieve synergies and integration among Haimen Project and its projects in the nearby cities like Suzhou, Wuxi and Nanjing. The businesses that set up in the Qinglong Chemical Industrial Park in Haimen City span various sectors such as chemical engineering, healthcare, agricultural chemicals and food processing. Therefore, there is a strong demand for industrial waste water treatment services with stringent standards. After the upgrading work of Haimen project is completed, the Project will better satisfy such demands in the park.