10 May 2021
Everbright Water Secures Xianyang Waste Water Treatment Plant Upgrading and Advanced Sludge Dewatering Project in Shaanxi ProvinceSingapore and Hong Kong, 10 May 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 today entered into a supplementary agreement through its wholly-owned subsidiary and secured Shaanxi Xianyang Waste Water Treatment Plant Upgrading and Advanced Sludge Dewatering Project ("Xianyang Upgrading Project"), with an estimated investment of approximately RMB253 million.
Pursuant to the aforementioned supplementary agreement, Xianyang Upgrading Project will be implemented based on a BOT (Build-Operate-Transfer) model. The concession periods of the project will expire concurrently with Xianyang Waste Water Treatment Project ("Xianyang Project") Phase I and II in October 2031 and December 2044 respectively. Following the completion of upgrading works, the discharged water of Xianyang Project Phase I and II will meet the requisite Grade A discharge standard as set out in Chart 1 of the Integrated Waste Water Discharge Standard of Yellow River Basin in Shaanxi Province (DB61/224-2018). Moreover, it will further reduce the water content of sludge generated by Xianyang Project Phase I and II to no higher than 60%.
Xianyang Project Phase I and II have been operating smoothly for many years, with a total designed daily waste water treatment capacity of 200,000 m3. The discharged water of Xianyang Project Phase I and II currently comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002). Securing Xianyang Upgrading Project will further strengthen Everbright Water’s waste water treatment service capability in Xianyang. It will also enhance the cooperation between the Company and the local government authorities, and lay a good foundation for the Company to secure more water projects in the local market.