CHINA, NOV 22, 2019 -- Everbright Water has recently secured Ji’nan Tangye New Area Wastewater Treatment PPP project and Zibo Northern Wastewater Treatment Plant Expansion Project in Shandong Province, China, with a total investment of approximately RMB396 million.
Tangye New Area Project will be invested in, constructed and operated by a project company jointly established and led by Everbright Water based on a PPP (Public-private Partnership) model, with a concession period of 30 years (construction period inclusive). Everbright Water holds a 99.9% stake in the project company. The project will be mainly responsible for providing wastewater treatment services to the Tangye New Area in the Licheng District of Ji’nan City. With a total investment of approximately RMB313 million, Tangye New Area Project has a total designed daily wastewater treatment capacity of 45,000 m3 (comprising 25,000 m3 for phase I and 20,000 m3 for phase II). 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) (the “National Grade 1A standard”), with some of the discharge indicators superior to this standard.
Tangye New Area Project will adopt a semi-underground structure, marking another underground wastewater treatment project of the Company, following Beijing Daxing Tiantanghe Wastewater Treatment Project, Ji’nan Huashan Wastewater Treatment Project and Ji’nan East Station Area Wastewater Treatment Project.
Separately, the Company entered into an agreement with the Management Committee of Shandong Zibo Economic Development Zone and secured Zibo Northern Expansion Project. The project will be invested in and constructed based on a BOT (Build-Operate-Transfer) model, with an investment of approximately RMB83 million for a concession period of 30 years (construction period inclusive). Its designed daily wastewater treatment capacity is 20,000 m3. The discharged water will comply with the National Grade 1A standard, while some of the discharge indicators will be superior to this standard.
