Mainboard-listed United Envirotech, the membrane-based water and wastewater treatment solutions provider, says it has signed an agreement with Neijiang Investment Holdings Company and Neijiang Economic Development Committee to build a RMB200 million ($39.7 million) wastewater treatment plant in Neijiang City.

United Envirotech and the two parties will form a joint venture (JV) company to acquire an existing 50,000 cubic metres-per-day municipal wastewater treatment plant under the Transfer-Operate-Transfer (TOT) arrangement.

Post-acquisition, United Envirotech will undertake an expansion work involving Engineering, Procurement and Construction (EPC), to double the existing treatment capacity. When completed, the plant should supply 100,000 cubic metres of potable water to Neijiang City daily.

The 4.25 million-populated city is one of nine cities in Sichuan Province that is earmarked for intensive economic development. Under the Built-Transfer (BT) arrangement, the newly-constructed plant, with a daily capacity of 50,000 cubic metres, will treat wastewater from Neijiang Xi Industrial Park.

“The plant will be constructed using the Membrane Bio-Reactor (MBR) technology. Being able to secure this contract signifies recognition of our expertise in MBR, and adds on to our past successful track record of using such technology for wastewater treatment,” says Dr Lin Yucheng, Chairman and Chief Executive Officer of United Envirotech.