China Everbright secures maiden municipal-level sludge disposal project
ENVIRONMENTAL services company China Everbright Water : U9E 0% has secured its first municipal-level sludge disposal project.
This is after it implemented sludge treatment facilities within waste water treatment projects in recent years.
On Thursday (Jan 5), China Everbright said it expects the project to command an investment of some 186 million yuan (S$36.3 million).
Under the project, the group will construct a new sludge disposal plant with a daily treatment capacity of 500 tonnes; a sludge treatment workshop; as well as a set of ancillary infrastructure facilities such as water supply and drainage facilities, and electrical networks.
The project will be based on a build-operate-transfer model for a concession period of 30 years inclusive of the construction period.
It will be implemented by a project company wholly owned by China Everbright.
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Upon its completion, the project will treat sludge produced from waste water treatment plants across Anshan City by halving the sludge’s water content from 80 per cent to 40 per cent.
The treated sludge will then be sent for incineration with household waste at a designated waste-to-energy plant.
This will “realise the harmless and resourceful disposal of sludge”, said the group.
Executive director and chairman Hu Yanguo says he sees the project’s implementation as an opportunity to explore the potential of China Everbright’s traditional businesses, enrich its business connotation, promote synergies and boost resource utilisation among the group’s various projects.
“Riding on this project, Everbright Water will facilitate Anshan City to constantly improve the quality of the local water environment and ensure the safety of the living environment of local residents through its high-quality waste water treatment and sludge disposal services,” he added.
The counter ended unchanged at S$0.255 at the market close on Thursday, after the company announced the project.
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