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Leader Environmental Technologies clinches $24.5 mil contract to treat municipal sludge in China

Felicia Tan
Felicia Tan1/6/2022 6:14 PM GMT+08  • 2 min read
Leader Environmental Technologies clinches $24.5 mil contract to treat municipal sludge in China
The investment in the project will be funded using the proceeds from the company’s rights issue and bank loans.
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Leader Environmental Technologies has secured a public-private partnership project worth RMB114.75 million ($24.5 million) in China’s Bazhou city in Hebei province.

The project involves the design, construction and operation of a sludge treatment plant that treats some 120 tonnes a day.

The project also involves the recycling of the treated sludge into bricks for a concessionary period of 30 years. The minimum tariff payment for the project is guaranteed and has been included in the approved annual finance budget of the province.

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