China Everbright Water has recently secured two waste water treatment projects for RMB122 million ($24.8 million).
The first is a concession agreement with the People’s Government of Zhenglu County in relation to the Changzhou Zhenglu Waste Water Treatment Project (Zhenglu Project) Phase II.
The second project is the Jiangsu Jiangyin Waste Water Treatment (Binjiang Plant and Chengxi Plant) Upgrading Project.
The Zhenglu Project Phase II was based on a transfer-operate-transfer model with an investment of some RMB100 million.
The project has a concession period of 30 years and a designed daily waste water treatment capacity of 20,000 m3.
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According to the company in a statement released via SGX, the Zhenglu Project Phase II is Everbright Water’s first project in Changzhou City, which will “lay a solid foundation for the company to further explore cooperation with the city and to bolster its market status in Jiangsu Province”.
The Jiangyin Upgrading Project will be implemented based on a build-operate-transfer (BOT) model commanding an investment of about RMB22 million.
Its concession period will expire concurrently with Jiangyin Waste Water Treatment Project.
The Jiangyin Upgrading Project will optimise relevant processes of the Binjiang Waste Water Treatment Plant and Chengxi Waste Water Treatment Plant (Phase I and II), which have a total designed daily waste water treatment capacity of 180,000 m3.
Shares in China Everbright closed flat at 22.5 cents on Dec 21.