China Everbright Water bags 668 million yuan wastewater treatment project in Shandong

ENVIRONMENTAL services company China Everbright Water said on Monday (Feb 20) that it had secured a 668 million yuan (S$130.1 million) industrial waste water treatment project in China’s Shandong province.

Based on a build-operate-transfer model with a concession period of 30 years, the project comprises the construction of a new wastewater treatment plant, pipeline networks with a total length of 38 kilometres, and a pumping station.

It will be constructed in two phases, and have a combined daily wastewater treatment capacity of 60,000 cubic metres, Everbright Water said.

Everbright Water will hold a 98 per cent equity interest in a project company, which will build and maintain the project.

Hu Yanguo, Everbright Water’s executive director and chairman, noted that the project has the largest industrial wastewater treatment capacity and the highest discharge standard among such projects secured by the company to date.

He added: “Securing the project is the remarkable result of the efforts made by the specialised teams which were formed by the company since last year on doing research and exploring the industrial waste water business, which is encouraging.”

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The counter closed 4.1 per cent or S$0.01 lower to S$0.235 on Monday, prior to the news.