DAFENG CITY, China, August 18, 2011 -- Singapore company United Envirotech has secured a contract worth RMB220 (US$34.5) to develop a 50,000 m3/day wastewater treatment plant for an industrial park in Dafeng City, Jiangsu Province, China.Scheduled for completion within nine months, phase 1 of the project involves the construction of a 10,000 m3/day membrane bioreactor plant (MBR). This project marks the second Build-Operate-Transfer (BOT) investment that the Group has made in Dafeng City.
MBR technology is expected to become more popular across China with requirements for wastewater treatment plants in Beijing to become water reclamation facilities by 2015 (see Water & Wastewater International article on MBR technology in China).
In early August United Envirotech announced that it has entered into a purchase agreement with Kohlberg Kravis Roberts & Co. L.P. for a US$113.8 million convertible bond investment.
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