China Everbright Greentech to Invest USD32.3 Million in Huaiyuan Integrated Biomass and Waste to Energy Project in Anhui, China

Published: Sep 07 2017
Deal Summary

China Everbright Greentech Limited, a subsidiary of China Everbright International Limited, has agreed to invest CNY211 million (USD32.31 million) in the construction and development of Huaiyuan integrated biomass and waste-to-energy project situated in Huaiyuan County, Anhui Province, China.

The project is designed with a daily household waste processing capacity of 400 tonnes, with its gas emissions fully complying with the Euro 2010 Standard. The project will be constructed on a BOO (build-operate-own) model, with a concession period of 30 years. Upon completion of the construction works, the project will be able to form a synergy effect with Huaiyuan Integrated Project (Biomass), which is already in operation. The synergy will bring down construction and operation costs by sharing the same management team, office systems and other facilities that are currently in use between the two projects.

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