China Everbright Water holds a 49% equity interest in the consortium, while Qingdao Environmental Energy holds the majority 51%.
With a concession period of 30 years, the Qingdao Zhangcun River Project will be invested in, constructed, operated and maintained based on the Build-Operate-Transfer (BOT) model by a project company to be incorporated by the consortium.
According to China Everbright, the implementation of the Qingdao Zhangcun River Project will further improve the municipal wastewater collection and treatment system in the Zhangcun River coverage area, and meet the increasing demand for waste water treatment in the local region.
The project aims to aid in preserving the water environmental quality of Zhangcun River, reduce potential pollution to the nearby sea area caused by wastewater, and continue to support the sustainable development and growth of Zhangcun River coverage area.
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In addition, the project will also enhance China Everbright’s water treatment service capabilities in Qingdao and solidify the company’s local market position.
Shares in China Everbright closed 0.5 cents higher or 2.33% up at 22 cents on March 13.
