China Everbright International Ltd (Everbright International) has announced that the Group has signed a concession agreement for a household waste-to-energy (WtE) project with to be built in Leshan City, Sichuan Province, China.
Hong Kong-based China Everbright International Ltd (Everbright International) has announced that the Group has signed a concession agreement for a household waste-to-energy (WtE) project with the People’s Government of Leshan City in Sichuan Province, China. The Group will invest and construct the Leshan Waste-to-Energy Project (Leshan Project), with a total investment of approximately RMB650 million (≈ US$94.4 million).
Leshan Project is jointly invested by Everbright International and Leshan State-owned Assets Management Company, with Everbright International holding a 90 percent equity stake. The project will be invested and constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years.
It has a designed daily household waste processing capacity of 1 000 tonnes, and is expected to generate 128,740,000 kWh of green electricity annually. Its flue gas emissions will fully comply with the Euro 2010 Standard.
Fifth WtE project in Sichuan Province
Leshan, a city located in the south-western part of Sichuan Province, is famous for its abundant natural resources. As a national historical and cultural attraction in China, Leshan is famous for its breathtaking scenery. Since the development of the local economy and rise in tourism produce more household waste, there is an increasing need for better environmental protection infrastructures and better management.
The 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’. 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. In doing so, the Group will help the city to treat, reduce and reuse domestic household waste, and will help improve the local ecological environment, which will contribute to Leshan’s long-term healthy development, said Chen Xiaoping, CEO of Everbright International in a statement.
