06 Jun 2019
Everbright Water Secures Two Projects in Jiangyin of Jiangsu Province
Singapore and Hong Kong, 6 June 2019 – China Everbright Water Limited ("Everbright Water" or the "Company", stock codes: U9E.SG and 1857.HK) (中国光大水务有限公司), an environmental protection company focusing on water environment management, is pleased to announce that the Company has recently secured Jiangyin Lin'gang Economic Development Zone Xili Center Waste Water Treatment Plant and Ancillary Pipeline Network and Pumping Stations Project ("Xili Project") and Jiangyin Chengxi Waste Water Treatment Plant Reusable Water Project ("Chengxi Reusable Water Project") in Jiangsu Province, which command a total investment of approximately RMB503.6 million.
With an investment of USD70 million (equivalent to approximately RMB478 million), Xili Project will be invested in, constructed and operated based on a BOT (Build-Operate-Transfer) model for a concession period of 30 years. The project includes: i) Xili Waste Water Treatment Plant Phase I, with a designed daily waste water treatment capacity of 50,000 m3; ii) waste water pipeline network of approximately 49 kilometers in length; and iii) 9 ancillary waste water pumping stations. Xili Project will mainly provide services to Xiagang, Shengang and Ligang districts, as well as the Huangtu Town area. Discharged water from the project will comply with discharge standards of municipal waste water treatment plant for other areas of Taihu area according to the Discharge Standard of Main Water Pollutants for Municipal Wastewater Treatment Plants & Key Industries of the Taihu Area (DB32/1072-2018). In the meantime, the discharged water will also comply with the Reuse of Recycling Water for Urban Water Quality Standard for Urban Miscellaneous Water Consumption (GB/T18920-2002).
Chengxi Reusable Water Project commands an investment of approximately RMB25.6 million and has a designed daily reusable water supply capacity of 33,000 m3. Discharged water from the project, which will be used to replenish water in rivers within the plant, will comply with the Reuse of Urban Recycling Water – Water Quality Standard for Scenic Environment Use (GB/T18921-2002).
Everbright Water has a number of projects that have carried out safe and smooth operations in Jiangyin City for more than a decade. These projects have been providing long-term support for the water environment management in the city in the areas of municipal waste water treatment, industrial waste water treatment, sludge treatment and disposal and reusable water. The continued collaboration between the Company and Jiangyin City is not only a testament to the recognition of and trust in the Company's business strengths by the local government, partners and residents, but also lays a solid foundation for further cooperation between both sides. With the rapid development of Lin'gang Economic Development Zone, Xili Project will meet the growing demand for waste water treatment in the zone, and will better facilitate the zone to satisfy the requirements by relevant environmental protection policies and achieve sustainable development. Everbright Water will adopt various measures, such as optimisation of the overall planning, to achieve synergy among its projects in Jiangyin, improve the overall operational efficiency of these projects and become an outstanding service partner of Jiangyin City in the water environment management sector.