Everbright International signs three new waste and biomass PPP projects
China Everbright International Limited has recently secured three environmental protection projects, including Changzhou Xinbei Waste-to-energy project Phase II in Jiangsu Province, Guixi Biomass Cogeneration projects in Jiangxi Province, and Zibo Hazardous Waste Incineration project in Shandong Province, which amount to a total investment of approximately CNY856 million (US$123 million).
The group signed a supplementary agreement to its household waste-to-energy project concession agreement with Changzhou Xinbei District Construction and Administration Bureau in Jiangsu Province on 15 December to invest and construct the Changzhou Xinbei Project Phase II. The project Phase II will be developed on a BOT (Build-Operate-Transfer) basis, with a concession period of 30 years and a total investment of CNY370 million (US$53 million). It is designed to have a daily household waste processing capacity of 700 tonnes and will generate 80,000,000 kWh of green power annually.
The group also signed an investment agreement with the government of Guixi in Jiangxi Province to invest and construct the Guixi Biomass Project. The project will be constructed in two phases. The project Phase I will be constructed on a BOO (Build-Operate-Own) basis with a total investment of approximately CNY296 million (US$42 million). It is designed to have an annual biomass processing capacity of 300,000 tonnes and is expected to generate approximately 200,000,000 kWh of green electricity annually. Guixi City is China's commercial grain base and a key area for the production of wood materials in Jiangxi Province. It also plays a key role in the Yangtze River Shelter Forest System and has been designated as the country's grain reserve base. As a result, the city is rich in biomass resources.
In addition, the Group signed an investment agreement with the government of Zibo in Shandong Province on 26 December to invest and construct the Zibo Hazardous Waste Project Phase II. The project is designed with an annual hazardous waste processing capacity of 15,000 tonnes, with a total investment of approximately CNY190 million (US$26 million). It will adopt advanced techniques, including Plasma Enhanced Melter technology in the main operating process. Zibo Hazardous Waste Project Phase I, which completed construction and commenced operation in August 2016, is designed with an annual hazardous waste processing capacity of 9,830 tonnes.
