China Jinjiang bags third waste treatment project in India
CHINA Jinjiang Environment Holding Company has clinched its third overseas waste treatment project in India that will be undertaken on a build-operate-transfer model for a 20-year concession.
The group's total investment amount for the project in Gurgaon, in the northern Haryana state, is estimated at 3.86 billion rupees (S$82.3 million) and was secured by China Jinjiang's subsidiary in India, Ecogreen Energy.
Under the agreement with the local authorities, China Jinjiang will construct the project and have an exclusive right to provide waste treatment services in that area.
In line with the three concessions secured in India, Ecogreen Energy has incorporated three subsidiaries as project companies.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance