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22-04-2019, 08:51 PM
SIIC Environment Awarded Government Approvals on Two Wastewater Treatment Plant Projects
SIIC Environment Holdings Ltd. today announced that it has been awarded government approvals on commercial operation of two wastewater treatment projects in the People’s Republic of China.
Details of the two projects are as follows:
1. The Group, through its subsidiary, SIIC Environment (Dalian) Co., Ltd., has obtained the government approval on commencing commercial operation of the Dalian Puwan New District Sanshilipu Wastewater Treatment Plant Project ( 大连普湾新区三十里堡项目, the "Dalian Project") in the Liaoning Province, effective from 21 January 2019. The Dalian Project has a total design capacity of 20,000 tons/day, with the discharge standard as Grade 1A and the water tariff is priced at RMB1.92/m3.
2. The Ningbo Hangzhouwan New District Wastewater Treatment Plant Project (宁波杭州湾新区污水处理项目, the "Hangzhouwan Project") in the Zhejiang Province has received the government approval on commencing commercial operation effective from 1 January 2019. The Hangzhouwan Project has a total design capacity of 90,000 tons/day and discharge standard is classified as Class IV with a tier water tariff pricing model as below:
* Treated wastewater less than 60,000 tons/day, water tariff priced at RMB1.834/m3.
* Treated wastewater between 60,000 tons and 75,000 tons/day, water tariff priced at RMB1.62/m3.
* Treated wastewater above 75,000 tons/day, water tariff priced at RMB1.584/m3.
Both projects are expected to contribute to the Group’s performance positively going forward.
SIIC Environment Holdings Ltd. today announced that it has been awarded government approvals on commercial operation of two wastewater treatment projects in the People’s Republic of China.
Details of the two projects are as follows:
1. The Group, through its subsidiary, SIIC Environment (Dalian) Co., Ltd., has obtained the government approval on commencing commercial operation of the Dalian Puwan New District Sanshilipu Wastewater Treatment Plant Project ( 大连普湾新区三十里堡项目, the "Dalian Project") in the Liaoning Province, effective from 21 January 2019. The Dalian Project has a total design capacity of 20,000 tons/day, with the discharge standard as Grade 1A and the water tariff is priced at RMB1.92/m3.
2. The Ningbo Hangzhouwan New District Wastewater Treatment Plant Project (宁波杭州湾新区污水处理项目, the "Hangzhouwan Project") in the Zhejiang Province has received the government approval on commencing commercial operation effective from 1 January 2019. The Hangzhouwan Project has a total design capacity of 90,000 tons/day and discharge standard is classified as Class IV with a tier water tariff pricing model as below:
* Treated wastewater less than 60,000 tons/day, water tariff priced at RMB1.834/m3.
* Treated wastewater between 60,000 tons and 75,000 tons/day, water tariff priced at RMB1.62/m3.
* Treated wastewater above 75,000 tons/day, water tariff priced at RMB1.584/m3.
Both projects are expected to contribute to the Group’s performance positively going forward.
Specuvestor: Asset - Business - Structure.