China Everbright Water said Friday it obtained the Haimen Waste Water Treatment Project and upgrading in Jiangsu province, which require a total investment of around 140 million yuan (S$27.58 million or US$20.39 million).
The project and upgrade have a concession period of 30 years, the company said in a filing to SGX.
The Haimen project, which treats industrial waste water from companies in the Qinglong Chemical Industrial Park, began operations in 2004, the company said.
Everbright Water will hold 90 percent of the project company handling the upgrading design, investment, financing and construction, as well as being responsible for the operation on completion, the filing said.
“The businesses that set up in the Qinglong Chemical Industrial Park in Haimen City span various sectors such as chemical engineering, healthcare, agricultural chemicals and food processing,” An Xuesong, executive director and CEO of Everbright Water, said in the statement. “Therefore, there is a strong demand for industrial waste water treatment services with stringent standards.”
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