China Jinjiang Environment said on Monday that it secured two waste-to-energy (WTE) projects in China, one in Bayannur City, Inner Mongolia Autonomous Region, and the other in Gaobeidian City, Hebei Province.
The Bayannur City project was secured by Bayannao’er Jinpengyun Environmental Protection, which is 30 percent owned by China Jinjiang Environment, it said in a filing to SGX after the market close on Monday.
The remaining 70 percent is held by Xinyi New Energy Technology, which is China Jinjiang’s local partner, it added.
Under the concession terms, Bayannao’er Jinpengyun will build and operate the WTE project under a build-operate-transfer (BOT) model for 30 years, the filing said. The project has a total designed waste treatment capacity of 700 tons a day and a waste-treatment fee of 65.0 yuan a ton, it said.
Its total investment cost is estimated at around 340 million yuan, or around S$68.5 million, the filing said.
The second project is to construct own and operate a WTE facility in Gaobeidian City, for a 30-year period, China Jinjiang said. The Gaobeidian project has a total designed waste-treatment capacity of 50 tons a day for sludge, and a waste-treatment fee of 89.5 yuan a ton, it said.
The project’s estimated total investment cost is 140 million yuan, or around S$28.2 million, the filing said.
The investments for both projects will be funded by a combination of bank borrowings and internal resources, it said.