Specifically, Everbright International has signed a concession agreement for the Fengyang waste-to-energy PPP project and an investment agreement for the Fengyang biomass power generation PPP project with the People's Government of Fengyang County, Chuzhou City of Anhui Province.
The group has also signed a concession agreement for a municipal solid waste (MSW)-fired cogeneration PPP project and an investment agreement for a biomass power generation project with the People's Government of Liuhe District, Nanjing City of Jiangsu Province, and will invest in the construction of the urban-rural integration project, including the Liuhe MSW-fired Cogeneration PPP project and the Liuhe Biomass Power Generation PPP project.
The projects are described below:
"In the first half of this year, Everbright International adjusted its business segments, established a new Greentech sector to replace the Alternative Energy sector. Currently, Greentech sector includes biomass integrated utilisation projects, hazardous waste treatment projects, photovoltaic energy projects and wind power projects. Among these types of projects, biomass integrated utilisation projects have successfully established four business models, including the urban-rural integration, biomass direct combustion power generation, biomass cogeneration/centralized heating and biomass molding fuel. The systematic processing of agricultural waste and straw effectively solved the air pollution problem caused by the burning and littering of straw and reduced environmental pollution, while also converting waste to energy, generating mutual benefits for local farmers and boosting economic development."
"The waste-to-energy and biomass power generation urban-rural integration projects will be constructed close to each other and mainly process household waste and agricultural straw collected from the area and the surrounding cities and counties. The two projects will share one management team, office, production water supply and cooling system as well as other facilities, resulting in operation cost saving. The two urban-rural integration projects mark another breakthrough for Everbright International in the development of this business following the Group's success in Lingbi, Dangshan, Xiao County and Guanyun County of Anhui Province and Mianzhu City in Sichuan Province. These projects are conducive to the Group's integrated planning and resource allocation in the areas and help achieve greater economic benefits."