SIIC Environment signs projects in Yangtze River Delta

Published Fri, Apr 16, 2021 · 09:11 PM

MAINBOARD-LISTED SIIC Environment Holdings has signed projects for water treatment in the city of Jiaxing in Zhejiang province in the Yangtze River Delta, it said on Friday.

In an exchange filing, the water treatment and environmental protection company said its 92.15 per cent subsidiary Pinghu Dushan Wastewater Treatment signed a supplemental agreement on the Pinghu City Eastern wastewater treatment plant project.

The agreement involves a total investment of around 750 million yuan (S$155.6 million). This includes expansion of the first stage of the third phase of the project, a new reclaimed water plant project, as well as new pre-treatment facilities, for a concession period from April 2021 to December 2046.

The projects have a total daily capacity of 160,000 tonnes. SIIC said: "The projects are expected to contribute positively to the group's performance going forward."

It added that the agreement "will not only increase the company's investment in the environmental-protection sector in the Yangtze River Delta region, but will also accelerate its market development in the reclaimed water utilisation arena".

SIIC shares closed unchanged on Friday at 21 Singapore cents, before the announcement.