Environmental Services firm, China Everbright International (HKSE: 00257) has secured the Tianjin Ji County Biomass Project and the Henan Xiayi Integrated Biomass and Waste to Energy Projects, with a total investment amounted to approximately RMB778 million ($117 million).
According to the company it has signed an agreement with the People's Government of Ji County in Tianjin to invest a total of RMB320 million ($48 million) into the Ji County Project which will be constructed on a BOO (Build-Operate-Own) model with an annual biomass processing capacity of 280,000 tonnes.
It is expected to generate approximately 209,300 MWh of electricity annually and will be equipped with a 130t/h furnace and a 30MW turbine power generator.
Everbright explained that Ji County, located in the far north of Tianjin, is a predominately agricultural county with rich agricultural and forestry biomass resources. It said that the project marks a breakthrough for it as the Group's first environmental protection project in the Beijing-Tianjin-Hebei region and is of strategic importance it as it seeks to strengthen its presence in the region.
In addition, the Group has entered into a concession agreement on a household waste to energy project with the People's Government of Xiayi County in Henan Province.
The Group said that under the deal it will invest in and construct Xiayi Integrated Biomass and Waste to Energy Projects.
The company noted that Xiayi County has been rated as "China's Outstanding Food-producing County" for 10 consecutive years because of its rich agricultural resources and the abundant amount of wheat, corn, soybeans, fruits and vegetables that it produces.
The Xiayi Integrated Biomass and Waste-to-Energy Project will be also be constructed on a BOO model, while the Xiayi Integrated Biomass and Waste to Energy Project will be constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years.
The Xiayi biomass project represents an investment of approximately RMB228 million (£34 million) and is designed to have a capacity of 150,000 tonnes per annum.
It is expected to generate approximately 110,000 MWh of electricity annually and will be equipped with a 75t/h furnace and a 15MW turbine power generator.
Meanwhile, the waste to energy project represents a further investment of approximately RMB230 million and will have a designed daily household waste processing capacity of 400 tonnes.
The company added that emissions will fully comply with the Euro 2010 Standard and the plant is expected to generate 46,000 MWh of electricity annually.
According to Everbright the project will be the first biomass and waste to energy integration project in Henan Province, and will be located near Dangshan Integrated Biomass and Waste to Energy Projects in Anhui Province, which has already been completed, as well as the neighbouring Xiao County Integrated Biomass and Waste-to-Energy Projects in Anhui Province, which is still under construction.
The Group added that it will implement a regional-level planning and coordination strategy among the three integration projects in the future to facilitate the sharing of biomass fuel resources, and to create synergy and an aggregation effect.
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