Citic Envirotech lands two contracts valued at 490 million yuan

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Citic Envirotech said on Thursday that it landed two contracts worth a total 490 million yuan for engineering, procurement and construction (EPC) projects.

Both projects will use the company’s proprietary membrane bioreactor (MBR) technology to treat wastewater to the Grade 1A discharge standard, it said in a filing to SGX after the market close on Thursday.

The first project, with a contract value of 350 million yuan, is related to the construction of the Andongyuan Integrated Wastewater Treatment Plant in the Jinjiang Economic Development Zone in Jinjiang City, Fujian Province, the filing said.

That project, which is expected to be completed by November 2019, will mainly treat wastewater from the textile and dyestuff tenants in the industrial area, it said.

The second project, with a contract value of 140 million yuan, is related to the expansion of the Nancun Water Purification Plant in Panyu District in Guangdong Province, the filing said. The expansion will more than double its capacity to 80,000 cubic meters a day upon completion, which is expected by October 2019, it said.

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