China Everbright International (0257) has clinched its first household waste-to-energy project in Hainan, with investment for the first phase costing 425 million yuan (HK$515.6 million). 
 
The Sanya plant will have a daily processing capacity of 1,050 tonnes of household waste.

However, phase one of the project will have a daily processing capacity of 700 tonnes.

The Hainan scheme is the energy company’s fifth waste-to-energy project after it secured others in Nanjing, Pizhou, Wujiang and Ningbo earlier this year.

The company has two other waste-to-energy projects in the mainland.

"Winning the tender marks an important success of the group in a new strategic investment field and geographic market," Everbright chief executive Chen Xiaoping said. 
 
In May, its Zhejiang waste-to-energy project received a subsidy of 10 million yuan from the National Development and Reform Commission.

Shares of Everbright International surged 4.99 percent to HK$4 last Friday. 
 

 
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