China Everbright International Limited has signed an investment with the Government of Mianzhu City in Sichuan Province to invest and construct Mianzhu Hazardous Waste Treatment Project PPP, with a total investment of approximately CNY260 million (US$260 million).

The project has an annual industrial hazardous waste incineration processing capacity of 20,000 tonnes, and will be constructed on a BOO (Build-Operate-Own) model with a concession period of 30 years.

The project will serve the Chengdu Economic Zone and will be adjacent to the Group's Mianzhu Urban-rural Integration Project, resulting in a synergetic effect in management. 

Mr. Chen Xiaoping, CEO of Everbright International, said:

Everbright International set another record by securing nearly 40 new projects with a total investment of over CNY14 billion. The Group is not only a devoted player in major domestic markets such as Jiangsu and Shandong, but is also proactively expanding its environmental protection business in Hubei, Jiangxi, Vietnam, Poland etc.

The Group's management has also proactively explored new business areas, including sponge city construction, river-basin ecological repair, industrial waste water treatment, the harmless treatment of the animal carcass etc., which will foster new sources of growth in the future, make its business more diversified and further enhance the Group's leading position in environmental protection market."