28 Nov 2018
Everbright Water Secures Jiangsu Jiangyin Waste Water Treatment Project (Binjiang Plant 2) and Ancillary Pipeline Project
Singapore, 28 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 has signed a concession and waste water treatment service agreement today with the management committee of Jiangyin High-tech Industrial Development Zone (the "Development Zone") in Jiangsu Province, and secured Jiangyin Waste Water Treatment Project (Binjiang Plant 2) and Ancillary Pipeline Project ("Jiangyin Binjiang Plant 2 and Pipeline Project", or the "Project"). The Project commands an investment of approximately RMB230 million.
Jiangyin Binjiang Plant 2 and Pipeline Project will be invested in, constructed and operated based on a BOT (Build-Operate-Transfer) model. With a concession period of 30 years, the Project will provide services to districts under the administration of the Development Zone.
The Project consists of a waste water treatment plant with a designed daily waste water treatment capacity of 40,000 m3, 2.97 kilometers of pipeline network, and an ancillary pump station with a designed daily treatment capacity of 10,000 m3. The discharged water will comply with the Discharge Standard of Main Water Pollutants for Municipal Wastewater Treatment Plants & Key Industries of the Taihu Area (DB32/1072-2018).
Everbright Water has invested in, constructed and been operating multiple waste water treatment plants in Jiangyin City. The securing of Jiangyin Binjiang Plant 2 and Pipeline Project will help to alleviate the local demand for waste water treatment, and enable the Company to optimise the planning and synergies of its waste water treatment facilities in the city. This will improve the overall waste water treatment efficiency and boost benefits accordingly. Everbright Water will continue adhering to its working philosophy of "People-oriented, Pragmatism, Creativity and Systematic Management" in carrying out preparatory works, construction and operation of the Project. The Company will strive to develop the Project into a new benchmark in the local area, and continue improving the living conditions of locals and enhancing the protection of water environment of Yangtze and Taihu river basins.