ZhongDe Waste Technology signs BOT contract for largest waste-to-energy plant in China

Frankfurt, (PresseBox) - .
- Total investment volume of approx. RMB 1.37 billion (EUR 168 million)
- Daily waste disposal capacity of up to 3,000 tons
- Electricity generation for Lanzhou

By signing the contract for a large Build-Operate-Transfer (BOT) project with the Lanzhou Qinwangchuan Integrative Development Management Committee, ZhongDe Waste Technology AG has successfully concluded a very important business deal. With a total investment of approximately RMB 1.37 billion (VAT included), ZhongDe will build the largest waste-to-energy plant in China, respectively Asia. The plant will be located in Lanzhou City. The project construction is divided into two phases: Within the first phase a daily waste disposal capacity of 2,000 tons will be achieved. The second phase will increase the daily capacity up to 3,000 tons.

Lanzhou City, the capital city of Gansu province, is the second largest city in the Northwest of China with a population of over 3.6 million. Lanzhou has become the key transportation hub and major logistics centre in the Northwest of China. As a designated region for industrial development, the State Council appointed and approved Lanzhou New District to be the fifth national New Development Zone in China.

With a planning area of 806 square kilometres, the Lanzhou New District will be the crucial platform for a variety of state strategy implementations and the key growth pole for the developing Western area. The 12th Five Year Plan for Western Development, formally approved by the State Council in 2012, clearly states that it will strengthen the construction in new districts of the important Western cities.

Zefeng Chen, Founder & CEO of ZhongDe Waste Technology AG, says: "Signing the Lanzhou Project is an important milestone for our company and a tremendous development. Our goal is to use this project as a reference model to continuously establish a higher standard and quality of waste-to-energy projects in Western China. This will not only enhance our brand awareness, but also underline our leadership in the wide-ranging wasteto- energy industry."

ZhongDe Waste Technology AG

ZhongDe Group designs, invests, constructs, finances and operates waste-to-energy incineration plants generating electricity from the disposal of solid municipal and industrial waste. ZhongDe realises either EPC (Engineering, Procurement and Construction) or BOT (Build, Operate and Transfer) projects, focusing on large-scale plants with waste disposal capacities of around 1,000 tons per day. Since 1996, ZhongDe Group has installed approximately 200 waste incinerators in 13 provinces throughout China. ZhongDe is one of the leading players in the project development and operation of waste-to-energy plants in China.

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