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Everbright Water announced that its joint venture company, Guangshui (Jinan Tangye) Water Co., Ltd., has been established with a registered capital of RMB 104 million. The JV, with Everbright Water holding 99.9% and Jinan Sijian holding 0.1%, will build and operate the Tangye New District wastewater treatment plant in Jinan, Shandong.
Everbright Water secured the Ji'nan Tangye New Area Wastewater Treatment PPP project and the Zibo Northern Wastewater Treatment Plant Expansion Project in Shandong Province, China, with a total investment of approximately RMB396 million.