30 Aug 2022
Everbright Water Secures Luozhuang Economic Development Zone Waste Water Treatment Plant and Ancillary Pipeline Network Project Phase I in Linyi City, Shandong ProvinceSingapore and Hong Kong, 30 August 2022 – 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, announced that the Company has entered into a concession agreement with, inter alia, Linyi Luozhuang Housing and Urban-Rural Development Bureau and Luozhuang Economic Development Zone Management Committee (as authorised by the People's Government of Luozhuang District, Linyi City, Shandong Province), and secured Shandong Linyi Luozhuang Economic Development Zone Waste Water Treatment Plant and Ancillary Pipeline Network Project ("Luozhuang Economic Development Zone Project") Phase I, which commands an investment of approximately RMB259 million.
Luozhuang Economic Development Zone Project Phase I will be implemented by a wholly-owned subsidiary of Everbright Water based on a BOT (Build-Operate-Transfer) model, for a concession period of 30 years (including the construction period). The project will include a semi-underground waste water treatment plant, which has a designed daily waste water treatment capacity of 20,000 m3, and an ancillary pipeline network of about 37.1 km. Key indicators of the waste water treatment plant's discharged water will comply with the national Grade 1A standard according to the Discharge Standard of Pollutants for Municipal Wastewater Treatment Plant (GB18918-2002). In addition, the concession service area of Luozhuang Economic Development Zone Project Phase I is in the west of Luoqi Road and the south of South Ring Road, which includes Chudun Town, Fuzhuang Street and Luozhuang Economic Development Zone, with a service area of about 48 km2.
Securing Luozhuang Economic Development Zone Project Phase I represents Everbright Water's remarkable business breakthroughs in the water markets of Linyi City and Southern Shandong Province. Additionally, this project reflects the Company's expansion of industrial waste water treatment business in Shandong, based on its existing projects of the same type in Ju County of Rizhao City and the Zhangdian District of Zibo City. As such, this brings positive significance to the Company's continuous and in-depth deployment in the industrial waste water treatment field. Everbright Water will steadily carry out works for this project by leveraging on relevant experience and resources, to develop it into an iconic project in the industry. Furthermore, the Group will remain committed to providing long-term, high-quality industrial waste water treatment services for corporate clients in the area in the future, and facilitate Luozhuang Economic Development Zone to pursue high-quality and sustainable development.