Mainboard-listed United Envirotech, one of the leading membrane-based water and wastewater treatment solutions provider, says has secured credit facilities of up to RMB 3 billion ($600 million) for three years from China Merchants Bank (CMB) to project finance the water related investments.

Dr Lin Yucheng, CEO of United Envirotech, says: “The support from CMB in granting such large sum of credit facilities ascertains its recognition and confidence in the Group’s leadership position in Membrane-based water and wastewater treatment industry in China. With these credit facilities, we are on target to secure more Build-Operate-Transfer (BOT) and Transfer-Operate-Transfer (TOT) projects in China; and we are on track to improve on the recurring and stable income stream from the treatment activities.”

Currently, United Envirotech has secured a portfolio of BOT and TOT projects with a total designed capacity of 665,000 cubic metres per day, of which 305,000 cubic metres per day designed capacity is up and running and generated a profit after tax of $7 million for the financial year ending March 31, 2010.