The Sino French Water Development Company, a 50% subsidiary of SUEZ ENVIRONNEMENT, and Sichuan Dayi Water Company have formed a new joint venture, Shuangliu Dayi Environmental Company Limited.
Under a 25-year strategic partnership, Sino French Water will hold 65% of the units in the new company and will jointly manage and operate eight wastewater treatment plants located in rural areas in Shuangliu County with Shuangliu Dayi.
The partnership will also involve the construction, management and operation of the Shuangliu Maojiawan wastewater treatment plant, which will have an ultimate capacity of 250,000 m3 per day.
The plant will primarily serve industrial and commercial customers and the residents of the new Tianfu Urban Area, which is expanding rapidly.
The projects as a whole are expected to generate revenues of around €156 million for the joint venture over the 25-year period. More broadly, the aim of the 25-year partnership is to broaden the cooperation between both parties on new Dayi Water projects in Sichuan Province.
China’s 12th Five-Year Plan identifies Tianfu as one of five key development areas in South-West China.