China Everbright International signs investment agreement for energy-from-waste project in Vietnam
China Everbright International has signed an investment agreement with the municipal government of Can Tho to develop its energy-from-waste (EfW) project in Vietnam.
In a statement, the Hong Kong-based environmental services specialist said it had obtained a project investment license issued by the municipal government.
In attendance at the signing ceremony were representatives of the Vietnamese government, including Tran Quoc Trung, Secretary of Can Tho Municipal Committee, and Vo Thanh Thong, Governor of Can Tho; Chen Xiaoping, CEO of Everbright International, and Qian Xiaodong, deputy general manager of Everbright International; and representatives of the project partners, including the Asian Development Bank and Powerchina.
Can Tho is a highly market-oriented and dynamic city in the center of the Mekong Delta and is one of Vietnam's five directly-controlled municipalities.
Thong said: "Everbright International has decisively secured the Can Tho Project, having shown outstanding overall capabilities.
“The project will be the first waste-to-energy project in the Mekong Delta of Vietnam, as well as Everbright International's first environmental protection project in Vietnam. The Can Tho government has offered Everbright International the most preferential terms which will help the project to be completed as soon as possible.
“The government has confidence in Everbright International's strength, believing that the Project will be finished as scheduled."
The Can Tho Project is invested, built and operated by Everbright International for an operating period of 22 years (including the construction period), commanding a total investment of approximately $47 million.
The project is designed to have a daily household waste processing capacity of 400 tonnes and will be equipped with a 7.5MW power generator. It is expected to generate approximately 60,000,000 kWh of green electricity annually.
The core equipment at the Can Tho Project will adopt Everbright International's self-developed apparatus, while its gas emissions will fully comply with the Euro 2010 Standard. The construction work of the project is expected to start in mid-2017, and it is expected to complete construction and commence operations in 2018.
The project will be Vietnam's first EfW project which will utilise technology for the harmless treatment, reduction and reuse of household waste.
Chen Xiaoping, CEO of Everbright International said: "China and Vietnam are immediate neighbours who share the same roots and have similar cultures. Both countries adopt the same system and their interests are closely related. In terms of livelihood initiatives and environmental protection, the governments of and the entrepreneurs in both countries face many similar issues, so there will be a lot of things of which they can learn from each other."