Energy from Waste Firm Jointly Invests with state Owned Assets Management Company : $95m Waste to Energy Deal for Everbright in Leshan, China
China Everbright International Limited (HKSE: 00257) has signed a RMB 650 million ($95 million) concession agreement for a household waste to energy project with the People's Government of Leshan City in Sichuan Province,to develop the Leshan waste to energy Project.
The Leshan Project is jointly invested by Everbright International and Leshan state-owned assets management company, with Everbright International holding a 90% equity stake.
The company explained that the project will be invested and constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years.
The plant has a designed daily household waste processing capacity of 1000 tonnes, and is expected to generate 128,740 MWh of electricity annually with emissions to fully comply with the Euro 2010 Standard.
Leshan, a city located in the south-western part of Sichuan Province, is famous for its abundant natural resources and the Leshan Giant Buddha (pictured). According to Everbirght, as a national historical and cultural attraction, and an excellent tourist destination in China, Leshan has been a jewel in Sichuan's crown for its eyecatching scenery.
However, the company said that since the development of the local economy and rise in tourism produce more household waste, there is an increasing need for more environmental protection infrastructures and better management.
"Leshan Project is Everbright International's fifth waste to energy project in Sichuan Province, and forms part of the Group's development strategy of ‘Expanding from Coastal to Inland Areas',” commented Mr. Chen Xiaoping, CEO of Everbright International.
“As always, we will ensure to adhere to high standards and high quality for the design, operations and management of the project, and will establish the project as a pilot waste-to-energy project in the south-western of China,” he added.
Read More
1500 TPD Waste to Energy Project Completed in Wujiang, China
China Everbright International has completed construction of the 1500 tonne per day Wujiang waste to energy project in Jiangsu Province and commenced operations.
Chinese Investors to Acquire German Firm EEW Energy from Waste
Global private equity group, EQT Infrastructure II, has reached an agreement in principle to sell German waste to energy firm EEW Energy from Waste (formerly E.ON Energy from Waste) to Beijing Enterprises Holding for nearly €1.5 billion.
Everbright Develops Own Waste to Energy Combustion Technology in China
Hong Kong based waste to energy project developer, China Everbright International has obtained a subsidy of RMB10 million for the R&D in the development of its own combustion technology.
