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China Jinjiang invests in new waste-to-energy project for 325m yuan

CHINA Jinjiang Environment Holding Company Ltd said it is investing in a new waste-to-energy (WTE) project in Yan'an, Shaanxi Province by taking up a 49 per cent stake in Yan'an Guojin Environmental Protection Energy Co Ltd.

The total estimated investment amount for the Yan'an project, now at the planning stage, is about 325 million yuan (S$66 million).

Yan'an Guojin will build and operate the WTE facility under the build-operate-transfer model.

It will have an exclusive right to provide waste treatment services in Yan'an for the concession period of 30 years from the start of construction.

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At the end of the concession period, the ownership and possession of the Yan'an Project will be transferred to the relevant local authorities.

The Yan'an project has a total designed waste treatment capacity of 1,300 tonnes per day and a sludge treatment capacity of 100 tonnes per day. The entire project is expected to commence operations in the first half of 2019.