25 Jan 2021
Everbright Water Secures Jiangsu Huai'an Huaiyin Eastern District Waste Water Treatment Project Phase II
Singapore and Hong Kong, 25 January 2021 – China Everbright Water Limited ("Everbright Water" or the "Company", stock codes: U9E.SG and 1857.HK) (中國光大水務有限公司), an environmental protection company focusing on water environment management, is pleased to announce that the Company has recently entered into a supplementary agreement in relation to Huaiyin Eastern District Waste Water Treatment Project ("Huaiyin Eastern District Project" or "Project") Phase II with the Housing and Urban-Rural Development Bureau of Huaiyin District of Huai'an City, Jiangsu Province ("Huaiyin Housing and Development Bureau"). The Project Phase II commands an investment of approximately RMB150 million.
Huaiyin Eastern District Project Phase II will be invested in, constructed and operated based on a BOT (Build-Operate-Transfer) model. Its concession period will expire concurrently with the Project Phase I in July 2050. The Project Phase II has a designed daily waste water treatment capacity of 50,000 m3, and the discharged water will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002) ("national Grade 1A standard").
In August 2019, Everbright Water signed a concession agreement with the Huaiyin Housing and Development Bureau in relation to Huaiyin Eastern District Project. Pursuant to the agreement, the Project will be implemented in three phases based on a BOT model, with a total designed daily waste water treatment capacity of 150,000 m3. With an investment of approximately RMB156 million and a designed daily waste water treatment capacity of 50,000 m3, the Project Phase I already commenced operation in 2020, with the discharged water complying with the national Grade 1A standard. Signing the supplementary agreement in relation to the Project Phase II marks the enhanced collaboration between Everbright Water and Huai'an City in the water sector. With stronger water treatment capability, the Company aims to further improve the local water environment and water ecosystem.