Everbright Greentech Receives Approval for Subsidies of RMB37.63 million by NDRC
Jun 09, 2018 Picture: 8 June 2018, Hong Kong – China Everbright Greentech Limited (“Everbright Greentech” or the “Company”) (HKSE: 1257) is pleased to announce that the Company’s Anhui Huaiyuan Integrated Biomass and Waste-to-Energy Project (“Huaiyuan Integrated Project”) (Waste-to-Energy) and Fengyang Integrated Biomass and Waste-to-Energy Project (“Fengyang Integrated Project”) (Wasteto-Energy) received approval for subsidies of RMB37.63 million in total, which was granted by the National Development and Reform Commission of the People's Republic of China (NDRC) under the scheme of Central Budgetary Investment Plan for the Construction of Ecological Civilization (the “Plan”). Huaiyuan Integrated Project (Waste-to-Energy) commands an investment of approximately RMB410 million. Of this, the investment in facilities for the cleaning, collection and transportation of household waste amounts to approximately RMB199 million, while the waste-to-energy plant amounts to approximately RMB211 million. The project is designed with a daily household waste processing capacity of 400 tonnes. The project has...
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