China Everbright International Limited has won the bid for Shandong Jinan No.2 Household Waste Integrated Treatment Plant Waste-to-energy expansion project in China.
Jinan expansion project will continue to be constructed on a build, operate and transfer (BOT) basis for a concession period of 25 years. The project has a designed daily waste processing capacity of 750 tonnes with a total investment of approximately RMB360 million (US$54.7 million). It is expected to generate approximately80,000,000 kWh of green electricity annually.
The Jinan project was secured in 2009. It was the group's first waste-to-energy project in Shandong and originally the largest waste-to-energy project completed in one phase with a daily waste processing capacity of 2,000 tonnes. Jinan project has been maintaining stable operations in compliance with relevant discharge standards since its commencement of operation in September 2010. As at the end of 2015, the project has processed accumulative household waste of over four million tonnes.
Upon completion of the expansion, the daily household waste processing capacity of the Jinan No.2 Household Waste Integrated Treatment Plant will be increased to 2,750 tonnes and the amount of green electricity produced annually will reach 268,000,000 kWh.
Mr. Chen Xiaoping, CEO of Everbright International, said,
"Shandong province has always been an important strategic region for Everbright International. Winning the bid for Jinan Expansion Project highlights the confidence that government and industry experts have in our overall capabilities. We will continue to learn from our experience and strive to develop Jinan Expansion Project to be a demonstration project with the technological innovation and improved management methods which will benefit both our shareholders and the society."