Everbright Greentech has received approval for subsidies of RMB37.63 million (US$37.6 million)

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China Everbright Greentech Limited has recently announced that the Company's Anhui Huaiyuan Integrated Biomass and Waste-to-energy Project and Fengyang Integrated Biomass and Waste-to-energy Project received approval for subsidies of RMB37.63 million in total, which was granted by the National Development and Reform Commission of the People's Republic of China (NDRC) under the scheme of Central Budgetary Investment Plan for the Construction of Ecological Civilization.

Huaiyuan Integrated Project (Waste-to-energy) commands an investment of approximately RMB410 million (US$60.20 million). Of this, the investment in facilities for the cleaning, collection and transportation of household waste amounts to approximately RMB199 million (US$29.22 million), while the waste-to-energy plant amounts to approximately RMB211 million (US$30.98 million). The project is designed with a daily household waste processing capacity of 400 tonnes. The project has received approval for a subsidy of RMB18.01 million (US$2.65 million) from the plan. Upon completion of the construction, the project will share the same management team, office systems and other existing facilities with Huaiyuan Integrated Project (Biomass) to bring down construction and operation costs.

Fengyang Integrated Project (Waste-to-energy) commands an investment of approximately RMB230 million (US$33.77 million), with a designed daily household waste processing capacity of 400 tonnes. It has received the approval for a subsidy of RMB19.62 million (US$2.88 million) from the Plan, and this project was awarded the "Expedited Major Project Development Award" in Fengyang County.

List of the country updates

Country updates

  • June 06, 2018

    China Everbright Greentech Limited has announced that the Company recently secured the development of the project

  • May 28, 2018

    China Everbright International has signed a 25-year concession contract for Phase II and the effluent defluoridation phase of the project, which together have a total investment of approximately CNY158 million (US$24.6 million)

    China Everbright International has signed a 25-year concession contract for Phase II and the effluent defluoridation phase of the project, which together have a total investment of approximately CNY158 million (US$24.6 million). As part of the agreement, the concession period of Phase I will be extended to expire at the same time as these other phases

  • May 23, 2018

    Suez JV signs US$500 million wastewater contract in China

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  • May 09, 2018

    China Everbright International has announced that the project has successfully completed construction and began commercial operation

    China Everbright International has announced that the project has successfully completed construction and began commercial operation. The project phase II completed construction and was put into operation within only nine months

  • May 07, 2018

    China Everbright Water has announced that it has won the bid and signed the agreement for the project

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