Separately, the company has also signed a supplementary water tariff increase agreement with the Shanghai Qingpu Water Authority for the Qingpu Second WWTP Project in Shanghai, China.
The Qingpu Project has a total designed capacity of 240,000 tonnes per day, of which 180,000 tonnes are in operation and the remaining 60,000 tonnes are to be constructed. The agreement has retrospective effect from May 1, 2021.
Both projects are expected to contribute positively to the company’s future performance.
Shares in SIIC Environment closed 0.2 cents higher or 1.06% up at 19.1 cents on Jan 15.
