China Everbright Water clinches Hebei wastewater treatment project worth 207.8m yuan

CHINA Everbright Water Limited U9E  : U9E 0%has clinched a 207.8 million yuan (S$44.2 million) deal to manage 3 wastewater treatment plants in China, the environmental services company said on Friday (Nov 19).

Under the deal, the mainboard-listed firm, which is also listed in Hong Kong, will provide wastewater treatment services on both the municipal and industrial level at Huanghua City in Hebei, a northern Chinese province near Beijing.

The city forms part of the southern canal system of the Haihe River Basin, which serves as an important flood discharge and drainage channel in the southern Haihe canal system of the Heilonggang River Basin, the company pointed out in its press release.

This will therefore solidify Everbright Water's portfolio in the Beijing-Tianjin-Hebei region of China, said its executive director and board chairman, Hu Yanguo.

The agreement was signed with the management and comprehensive administrative law enforcement bureau of Huanghua City.

The project company established by Everbright Water, which holds a 95 per cent equity interest therein, will be responsible for the investment in, financing, operation and maintenance of the Huanghua project for a concession period of 30 years, it added.

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Going into detail, Everbright Water said the project entails 3 subprojects that can treat up to 40,000 cubic metres of wastewater a day, bumping up the firm's overall water treatment capacity in the region to 340,000 cubic metres a day.

The largest subproject, with a capacity of 20,000 cubic metres a day, serves the Huanghua Tengzhuangzi area, while the other 2, with a capacity of 10,000 cubic metres a day each, serves the Huanghua town and urban areas.

Separately, Everbright Water said it also secured a project worth 37 million yuan to upgrade the Shandong Zibo Zhoucun wastewater treatment plant based on a build-operate-transfer model.

The counter closed at S$0.30 on Friday (Nov 19), up S$0.005 or 1.7 per cent.

READ MORE: 

• China Everbright Water bags project worth 253m yuan
• China Everbright Water bags two wastewater treatment projects in Jiangsu