$51m Energy from Waste Plant to be Built in Two Phases : 800 TPD Waste to Energy Project for Everbright in Shandong Province, China
China Everbright International Limited (HKSE: 00257) has secured the Qihe waste to energy project in Shandong Province, China.
The Hong Kong based company said that project will be developed and constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years.
The waste to energy project, which will be constructed in two phases and is designed to have a total daily waste processing capacity of 800 tonnes and gas emissions tofully comply with the Euro 2010 Standard.
Phase I has a designed daily household waste processing capacity of 500 tonnes, commands a total investment of approximately RMB345 million ($51 million), and is expected to generate approximately 70,000 MWh of electricity annually.
As an important traffic hub of Shandong Province, Qihe County has seen its local economy grow rapidly in recent years, which has increased the amount of household waste produced as residents’ lives have improved. According to Everbright, the introduction of waste to energy will assist the urbanisation process within the county and enhance the county’s ability to develop sustainably.
“Qihe Project is the 18th waste to energy project which Everbright International has invested in Shandong Province, and it is Qihe County’s very first project of this kind,” commented Mr. Hu Yanguo, CEO of Environmental Energy Sector at Everbright International.
“In line with its commitment to social responsibility, Everbright International will establish the Project as a demonstration waste to energy project that meets the highest standards. In addition, the Group will proactively utilise resources from the surrounding area including Ji’nan City to make the best of the synergy within the area and achieve optimal economic, environmental and social benefits,” he concluded.
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