The company also signed an investment agreement for a biomass power generation project.
Designed to have daily household waste processing capacity of 800 tons, the Fengyang waste-to-energy project will be constructed in two phases.
The CNY230m ($36m) first phase of the project will have a daily household waste processing capacity of 400 tons and will be developed on a build-operate-own (BOO) basis.
Additionally, the Fengyang biomass power generation project is planned to be built in two phases with an investment of CNY320m ($50.2m) first phase having an annual agricultural waste and straw processing capacity of 300,000 tons.
The project will feature a 130t/h furnace and a 30MW power generator to generate 214,000,000 kWh of green electricity per year.
Additional concession agreement has also been signed by the company for a municipal solid waste (MSW)-fired cogeneration project and an investment deal for a biomass power generation project with the Liuhe District, Nanjing City of Jiangsu Province.
With a household waste processing capacity of 500t, the Liuhe MSW-fired cogeneration project will be built with an investment of approximately CNY280m ($43.9m) and on a BOO basis.
The CNY245m ($38.4m) Liuhe biomass power generation project will feature 75t/h furnace and an 18MW power generator to generate approximately 112,000,000 kWh of green electricity annually.
It will have annual agricultural waste and straw processing capacity of approximately 180,000t.
Everbright International CEO Chen Xiaoping said: "The waste-to-energy and biomass power generation urban-rural integration projects will be constructed close to each other and mainly process household waste and agricultural straw collected from the area and the surrounding cities and counties.
"The two projects will share one management team, office, production water supply and cooling system as well as other facilities, resulting in operation cost saving.
"These projects are conducive to the Group’s integrated planning and resource allocation in the areas and help achieve greater economic benefits."
The facilities will have a 30-year concession period.
