SIIC Environment wins two wastewater projects in China

WATER treatment company SIIC Environment Holdings on Friday said it has been awarded two build-operate-transfer (BOT) wastewater projects in Jiangxi Province, China.

The group's partly owned subsidiary, Ranhill Water (Hong Kong) Limited had been awarded the Yongfeng Industrial Park BOT wastewater project, which pays a base tariff of 1.91 yuan per tonne (39 Singapore cents).

This would be adjusted for the relevant actual investment, production costs and taxes during the concessionary period. The Yongfeng BOT Project entails the construction and operation of a wastewater treatment plant with a design capacity of 10,000 tonnes per day for a concessionary period of 29 years from the commercial operation date.

The group, through another partly owned unit - Ranhill (Wanzai) Water Co Ltd, has been awarded the Wanzai Industrial Park BOT wastewater expansion project, involving the construction and operation of a wastewater treatment plant with a total design capacity of 7,500 tonnes per day for a concessionary period of 29 years from the commercial operation date. The base tariff, subjected to adjustments, stands at 2.52 yuan per tonne.