China Everbright International Limited has signed a concession agreement for a household waste-to-energy project with the People's Government of Ju County, Rizhao City in Shangdong Province.
The group will invest in the construction of the Ju County waste-to-energy PPP project. It will be constructed on a build, operate, and transfer (BOT) basis with a concession period of 30 years.
The new facilitiy has a designed daily household waste processing capacity of 800 tonnes, and will be constructed in two phases. Phase I of the project has a daily household waste processing capacity of 500 tonnes, with a total investment of approximately RMB285 million (US$44.6 million).Mr. Chen Xiaoping, CEO of Everbright International, commented:
"Ju County Project Phase I is the 10th waste-to-energy project secured by Everbright International in Shandong Province. It brings the total designed daily household waste processing capacity of the Group's waste-to-energy projects in Shandong Province to 7,800 tonnes, among which, 3 are in operation. As for environmental water, the total designed daily treatment capacity of the waste water treatment projects in Shandong Province invested by China Everbright Water Limited, a subsidiary of Everbright International, has exceeded 1,800,000 m3, representing 20% of the province's total waste water treatment volume."
"The signing of this waste-to-energy project follows the securing of Ju County Waste Water Treatment Project in May this year. This reflects the Ju County Government's recognition of Everbright International's outstanding achievements in environmental protection. The Group aims to build Ju County Project as a pilot project of first-class quality and of the highest standards, maximizing its economic and social benefits to contribute to the protection of Ju County's environment."