Hong Kong based environmental services firm, China Everbright International (HKSE: 00257) has won the bid for a 750 tonne per day waste to energy project in Shandgon, China.
The company explained that Jinan, the capital of Shandong province, is the political, economic and cultural centre of the province with increasing environmental requirements and waste management needs.
The Shandong Jinan No.2 Household Waste Integrated Treatment Plant waste to energy expansion project will to be constructed on a BOT (Build-Operate-Transfer) basis for a concession period of 25 years.
The waste to energy project has a designed daily waste processing capacity of 750 tonnes and represents an investment of approximately RMB 360 million ($55 million). Once operational the developer said that the plant will comply with the Euro 2010 Standard for emissions and generate around 80,000 MWh of electricity annually.
Everbright secured the deal to develop the original 2000 tonne per day Jinan No.2 Household Waste Integrated Treatment Plant 2009. It was the Group's first waste to energy project in Shandong and was said to be the largest waste to energy project completed in a single phase.
The company said that it built Jinan waste to energy plant as a demonstration project as well as an education base for promoting innovative environmental protection.
According to the company the plant has been maintaining stable operations in compliance with relevant discharge standards since it entered service in September 2010. By the end of last year it had processed over 4 million tonnes of household waste.
“Shandong province has always been an important strategic region for Everbright International,” commented Mr. Chen Xiaoping, CEO of Everbright International. "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."
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