Meanwhile, SIIC’s indirectly-owned subsidiary, Shanghai Fudan Water Engineering Technology Co, has signed and O&M agreement for the Cixi City Zhouxiang Wastewater Treatment Plant with Cixi City Drainage Co., and Cixi Zhouhang Wastewater Treatment Co. for a service fee of RMB2.09 million per six months
The contract was signed on April 14. Located in Cixi City, Zhejiang Province, the Cixi Zhouxiang Project has a total designed capacity of 40,000 tonnes per day. The O&M period shall last for six months and the discharge standard can be tailored to the customer’s requirements.
Shares in SIIC Environment closed 0.5 cents lower or 2.4% down, at 20.5 cents on Thursday.
