10 Sep 2018
Everbright Water Secures Shandong Binzhou Development Zone Waste Water Treatment Project Expansion
Singapore, 10 September 2018 – 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 water environment management, is pleased to announce that the Company recently signed a supplemental agreement with the Management Committee of Bin Zhou Economic and Technological Development Zone in Shandong Province (山东省滨州经济技术开发区管理委员会). Pursuant to the said supplemental agreement, the Company has secured Binzhou Development Zone Waste Water Treatment Project (“Binzhou Project”) Expansion, which will increase the designed daily waste water treatment capacity by 20,000 m3. Binzhou Project Expansion commands an investment of approximately RMB66.69 million.
Binzhou Project Expansion will be invested in, constructed and operated based on a BOT (Build-Operate-Transfer) model. With a designed daily waste water treatment capacity of 40,000 m3, Binzhou Project Phase I commenced operation in January 2012. In addition, Binzhou Project Phase I completed upgrading works and commenced operation in May 2018, with water discharge fully complying with national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002) (the “national Grade 1A standard”). Upon completion of the said expansion works, the total designed daily waste water treatment capacity of Binzhou Project will be increased to 60,000 m3, with water discharge complying with the national Grade 1A standard.
Separately, Shandong Ji’nan Zhangqiu Chengdong Industrial Water Supply Project recently commenced construction. With an investment of RMB50 million, the project involves construction of 7.7 kilometers of water supply pipeline and supply of water from the water sources to Chengdong Industrial Park. Upon completion of the construction works, the project will achieve a daily water supply capacity of 50,000 m3.