Everbright International Secures Hangzhou Chun'an Waste-to-energy Project

18 August 2015, Hong Kong - China Everbright International Limited ("Everbright International" or the "Group") is pleased to announce that it has signed a household waste-to-energy concession agreement with the Municipal Bureau of Urban-Rural Development and City Administration of Chun'an County, Hangzhou City of Zhejiang Province, to invest and construct Chun'an Waste-to-energy project ("Chun'an Project" or the "Project") in Chun'an County of Hangzhou City.

Chun'an Project will be constructed on a BOT (Build-Operate-Transfer) basis for a concession period of 27 years. The Project has a designed daily household waste processing capacity of 600 tonnes. Project Phase I has a designed daily household waste processing capacity of 300 tonnes, and will be constructed with fly ash landfill and sludge treatment facilities, commanding a total investment of around RMB210 million. It is expected to generate over 37,000,000 kWh of green electricity annually, treat 11,000 tonnes of sludge annually, and safe disposal of 4,500 tonnes of fly ash by landfill annually. All gas emissions will fully comply with the Euro 2000 Standard.

Chun'an is a county under Hangzhou City in Zhejiang province, where Qiandao Lake, a famous national scenic spot, is located. Chun'an Project will process all household waste collected in the administrative areas under the county, providing a comprehensive solution to the integrated treatment of solid waste in the region.

Mr. Chen Xiaoping, CEO of Everbright International, said, "The Group secured its first waste-to-energy project in Zhejiang province in 2012, followed by Ningbo Waste-to-energy Project Phase II and Hangzhou Waste-to-energy Project last year. Chun'an Project is Everbright International's fifth waste-to-energy project in the province, a clear demonstration of the local government's recognition of the Group's operation, management and respected reputation. Everbright International will continue to ride on its strengths in regional planning and allocation and learn from the advanced environmental management model adopted by its projects in the province. The Group plans to build pilot projects with first-class quality and the highest standards in order to continually contribute to the sustainable development of Zhejiang province."