01 Nov 2018
Everbright Water Secures Zhangqiu Waste Water Treatment (Plant 1, 2 & 3) Upgrading Projects in Shandong Province
Singapore, 1 November 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 signed supplementary agreements with the Public Utility Bureau of Zhangqiu District, Ji'nan City (as authorised by the Zhangqiu District Government) and secured Zhangqiu Waste Water Treatment (Plant 1, 2 & 3) Upgrading Projects ("Zhangqiu Upgrading Projects"), which command a total investment of approximately RMB22 million.
Zhangqiu Upgrading Projects will be invested in, constructed and operated based on a BOT (Build-Operate-Transfer) model. Their concession periods will expire concurrently with Zhangqiu Waste Water Treatment Projects (Plant 1, 2 & 3) respectively. After the Zhangqiu Upgrading Projects complete construction and commence operations, these water plants will comply with more stringent discharge standard than the currently-complied national Grade 1A standard, with respect to certain discharge indicators. The aggregate daily waste water treatment capacity of the water plants will remain unchanged.
In 2013, Everbright Water won Zhangqiu Waste Water Treatment Project (Plant 3) based on the BOT model. The project has a designed daily waste water treatment capacity of 30,000 m3, with a concession period of 30 years. In 2016, the Company secured Zhangqiu Waste Water Treatment Projects (Plant 1 & 2) based on the PPP (Public-Private-Partnership) model. The Plant 1 and 2 have an aggregate designed daily waste water treatment capacity of 90,000 m3, with a concession period of 30 years.
Zhangqiu Waste Water Treatment Projects (Plant 1, 2 & 3) have been operating smoothly and complying with the relevant discharge standards for many years. Following completion of the upgrading works, the project operational proficiency and ecological benefits will be further improved.