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Everbright energises Suzhou power plant

Carol Chan

China Everbright International, a Beijing-backed investment firm, yesterday said it would invest 200 million yuan to build another waste-fuelled power plant in Suzhou city in Jiangsu province.

Hong Kong-listed China Everbright said it signed an agreement with the Suzhou Municipal Urban Utility Bureau to expand its waste-fuelled power plant in the city. It said the project could have the capacity to process 500 tonnes of refuse per day.

The new second phase, when completed by the end of next year, could bring the project's total processing capacity to more than 1,500 tonnes of refuse per day and its electricity generation to about 150 million kilowatt-hours per year.

China Everbright will have an exclusive right to operate the second phase for 23 years on a build-operate-transfer basis.

'The expansion of the Suzhou project is a key move in our strategy of developing environmental protection business in areas of stronger economy,' said chief executive Chen Xiaoping.

The red-chip conglomerate, which is shifting its focus to environmental protection business, is undertaking more than 10 so-called green projects in Jiangsu and Shandong provinces involving a total investment of HK$2.8 billion.

It signed five environmental protection projects with an investment of HK$1.5 billion in the first half of last year. Its projects include water and sewage treatment plants, waste-fuelled power plants and waste landfills.

China Everbright also said yesterday that it had signed separate agreements with North Carolina China Centre and Tsinghua University to co-operate in the research and development of environmental protection technology and staff training.

The company will set up an R&D centre in Beijing but did not reveal the investment involved.

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