Hong Kong-listed environmental protection project developer China Everbright International has secured a waste-to-energy venture in Guangdong worth HK$380 million.
The project, based in Huidong county, is the company's first in the Pearl River Delta region, and has a daily house waste processing capacity of 600 tonnes. It is expected to begin operation in 2012.
'The Pearl River Delta region is one of the most prosperous regions in China with rising demand for environmental protection services including urban waste treatment,' said Chen Xiaoping, the chief executive of China Everbright International.
The company, a unit of state-backed conglomerate China Everbright Holdings, has so far pledged 7.3 billion yuan (HK$8.3 billion) to 29 environmental protection projects that are in operation or being developed. The projects specialise in waste-based electricity generation, waste water treatment and industrial waste treatment.
Guangdong is the third province that the company will operate in after Jiangsu and Shandong.
China Everbright International recently received a US$200 million loan from the Asian Development Bank to push growth of waste-to-power plants in second-tier cities on the mainland, the bank's first private-sector municipal solid waste management project.