25 Oct 2018
Everbright Greentech Secures Two New Projects, Demonstrating Strong Market Expansion Momentum
25 October 2018, Hong Kong – China Everbright Greentech Limited (“Everbright Greentech” or the “Company”) (HKSE: 1257) is pleased to announce that it has recently secured Anhui Xiao County Integrated Biomass and Waste-to-Energy Project (Waste-to-Energy) Phase II (“Xiao County Project Phase II”) and Jiangsu Contaminated Site Remediation Project (“Jiangsu Project”), which command a total investment of approximately RMB270 million.
Xiao County Project Phase II, which commands an investment of approximately RMB256 million, has a designed daily household waste processing capacity of 400 tonnes. The project will be invested and constructed based on a BOO (Build-Operate-Own) model, and is expected to provide 51,000,000 kWh of green electricity annually. Its gas emissions will fully comply with relevant national standards, with the daily average level of online monitored gas emissions superior to the Euro 2010 Standard.
Xiao County Integrated Biomass and Waste-to-energy Project has processed over 160,000 tonnes of household waste since it commenced operation at the end of 2017. As the Company secured Xiao County Project Phase II, the county will move even closer to its goal of realising the reduction, harmless treatment and reuse of local household waste.
Separately, Jiangsu Project, with a contract value of approximately RMB14 million, is responsible for remediating a contaminated area of approximately 30,000 m2.