SIIC Environment Holdings’ BHK indirect 57.9%-owned subsidiary, Longjiang Environmental Protection Group, has secured the contract for its bid on the third phase of the Jiguan District Wastewater Treatment Plant (WWTP) Project in Heilongjiang, China.
On Jan 15, the company announced that Longjiang Environmental had signed an agreement with the Jiguan Housing and Urban-Rural Development Bureau for the contract. The Jiguan Project has a designed capacity of 50,000 tonnes per day, with a concession period of 30 years.
Separately, the company has also signed a supplementary water tariff increase agreement with the Shanghai Qingpu Water Authority for the Qingpu Second WWTP Project in Shanghai, China.
The Qingpu Project has a total designed capacity of 240,000 tonnes per day, of which 180,000 tonnes are in operation and the remaining 60,000 tonnes are to be constructed. The agreement has retrospective effect from May 1, 2021.
Both projects are expected to contribute positively to the company’s future performance.
Shares in SIIC Environment closed 0.2 cents higher or 1.06% up at 19.1 cents on Jan 15.
