The company explained that it will set up a joint venture company with Ma’anshan Urban Development Investment Group for the construction of the project on a BOT (Build-Operate-Transfer) basis, with both parties owning a 50% equity interest in the venture.
Everbright added that the Ma’anshan project is its first waste to energyproject in Anhui Province. Ma’anshan is a municipal city near Nanjing and a major industrial which enjoys an important location in Wanjiang Economic Zone with excellent resources.
The total daily waste processing capacity of Ma’anshan Project is 1200 tonnes, and will be built in two phases.
Everbright said that Phase I is designed to have a daily waste processing capacity of 800 tonnes, with a total investment of approximately RMB450 million ($74 million) and will comply with the Euro 2000 emission standards.