China Everbright International Limited HKSE: 00257) has been awarded a contract to develop Vietnam’s first waste to energy project, a 7.5 MW plant in Can Tho.
The Hong Kong based environmental services firm explained that the Can Tho Project will be constructed under BOO (Build-Operate-Own) model, commanding a total investment of approximately $47 million (RMB314 million).
The project is designed to have a daily household waste processing capacity of 400 tonnes and will be equipped with a 7.5MW generator able to produce around 60,000 GWh of electricity annually.
Everbright said that it would implement its in-house developed waste to energy technology at the plant, including the grate furnace system, gas emission treatment system and leachate treatment system. Gas emissions will fully comply with the Euro 2010 Standard.
Can Tho, which is one of Vietnam's five directly-controlled municipalities, is the largest city in the Mekong Delta with a population of around 1.2 million. It is also an important tourist destination and one of the most economically advanced cities in the country.
Currently, household waste in the city is primarily incinerated without energy recovery or is disposed of in landfills.
“By adhering to our development strategy of 'from Coastal Areas to Inland Cities, from Cities to Rural Areas and from Domestic to Overseas Markets' and in the spirit of the Chinese government's 'One Belt One Road' initiative, Everbright International was able to secure the Can Tho Project,” commented Mr. Chen Xiaoping, CEO of Everbright International.
“The Project is the Group's first overseas waste-to-energy project and we will not only be involved in the construction and operation of the Project, but we will also be able to introduce our environmental technologies and core equipment abroad,” he continued.
Chen added that the project is the Group's second 'go global' project after it acquired a waste treatment company in Poland.
“We will tap into new markets by catering to the environmental protection demands and goals of different countries,” concluded the CEO.
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