China Everbright to Invest USD130.3 Million in Zhejiang Quzhou Waste to Energy Project in Zhejiang, China

Published: Jul 13 2017
Deal Summary

China Everbright International Limited, a renewable energy development company, and People's Governments of Zhejiang Province, have agreed to invest CNY885 million (USD130.34 million) in the construction and development of Zhejiang Quzhou waste-to-energy project situated in Zhejiang Province, China.

The power plant will have an operation period of 30 years with a designed daily household waste processing capacity of 1,500 tonnes, and is expected to generate over 182,910,000 kWh of green electricity annually. Its gas emissions will fully comply with the Euro 2010 Standard. China Everbright will hold 70% stake in the power plant.

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