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WATER treatment firm China Everbright Water has secured the first phase of a waste water treatment project in Nanjing, China, through a joint venture.
The total investment of the phase is about 62 million yuan (S$12.6 million), according to the integrated environmental water services firm in a Singapore Exchange filing on Wednesday.
The project will mainly treat waste water from the integrated circuit industry zone in Pukou Economic Development Zone in Nanjing, the firm said.
A joint venture company will be set up with Jiangsu Zhongbo Investment Development Co through subsidiaries, and Everbright Water and Jiangsu Zhongbo will hold equity stakes of 60 per cent and 40 per cent respectively.
A facility will be constructed on a build-operate-transfer basis for the first phase of the project, and has a designed daily waste water treatment capacity of 10,000 cubic metres, with a concession period of 20 years.
The first phase is expected to complete construction and commence operations in June 2017.