SINGAPORE (Nov 29): China Everbright Water, the environmental protection company, has secured the Jiangyin Binjiang plant 2 wastewater treatment project and its ancillary pipeline project which has an investment value of RMB230 million ($75.2 million).

China Everbright signed a concession and waste water treatment service agreement on Tuesday with the management committee of Jiangyin High-tech Industrial Development Zone in Jiangsu province for the project.

See also: China Everbright registers 17% higher 3Q earnings of $29 mil on revenue growth

The Jiangyin Binjiang plant 2 and pipeline project will be 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 wastewater treatment plant with a designed daily waste water treatment capacity of 40,000 cubic metres, 2.97km of pipeline network, and an ancillary pump station with a designed daily treatment capacity of 10,000 cubic metres.

The discharged water will comply with the discharge standard of main water pollutants for municipal wastewater treatment plants and key industries of the Taihu area.

Year to date, shares in China Everbright Water are down 17.3% to 33.5 cents on Wednesday.