China Everbright International signs new household waste-to-energy contract with Sichuan province-based city
China Everbright International has signed a concession agreement for a household waste-to-energy project with the People's Government of Leshan City in Sichuan province, to invest and construct the development.
It has invested around RMB650 million (€87.4m) in the project.
The Leshan project is jointly invested by Everbright International and Leshan State-owned Assets Management Company, with Everbright International holding a 90% equity stake.
The project will be invested and constructed on a BOT (Build-Operate-Transfer) model for a concession period of 30 years. It has a designed daily household waste processing capacity of 1,000 tonnes, and is expected to generate 128,740,000kWh of green electricity annually.
Its gas emissions will fully comply with the Euro 2010 Standard.
Historical and cultural attraction
Leshan, a city located in the south-western part of Sichuan Province, is famous for its abundant natural resources. As a national historical and cultural attraction, and an excellent tourist destination in China, Leshan has been a jewel in Sichuan's crown for its breath-taking scenery.
Since the development of the local economy and rise in tourism produce more household waste, there is an increasing need for more environmental protection infrastructures and better management.
Chen Xiaoping, CEO of Everbright International, said: "(The) Leshan project is Everbright International's fifth waste-to-energy project in Sichuan province, and forms part of the Group's development strategy of ‘Expanding from Coastal to Inland Areas'.
“As always, we will ensure to adhere to high standards and high quality for the design, operations and management of the project, and will establish the project as a pilot waste-to-energy project in the south-western of China.
“In doing so, the Group will help the city to harmlessly treat, reduce and reuse domestic household waste, and will help improve the local ecological environment, which will contribute to Leshan's long-term healthy development."
