Press releases

ZhongDe Waste Technology AG  announces signing of two large-size BOT projects

 

1,050 tons per day municipal waste incineration plant with electricity generation for Kunming

1,000 tons per day municipal waste incineration plant with electricity generation for Xianning

Stable cash inflows guaranteed by electricity sales

Total investment amounting to approx. RMB 800 million
(€ 89 million, 1 EUR=8.9884 RMB)

 

Hamburg, 20 April, 2009

 

ZhongDe Waste Technology AG [Ticker ZEF] announced today that ZhongDe Group ("ZhongDe") has signed two binding agreements for two BOT projects (Build - Operate -Transfer) in Kunming, Yunnan province of PRC, and Xianning, Hubei province of PRC. The daily waste disposal capacity of Kunming project is 700 tons in its first phase and 1,050 tons in the second phase. The Xianning project has a daily waste disposal capacity of 500 tons in its first and 1,000 tons in the second phase. Both Kunming and Xianning project guarantee stable cash inflows from electricity sales.

 

Kunming is the capital city of Yunnan province with approximately 6.02 million inhabitants, Xianning is a city with 2.86 million inhabitants located in the southeast of Hubei province. Both project agreements comprise the construction and operation of a large-size municipal waste incinerator with electric power generation, adopting the grate furnace incineration technology. After the contracted operating time, the Cities of Kunming and Xianning will take over the plants. The investment volume for each project amounts to approximately RMB 400 million (€ 44.50 million, 1 EUR=8.9884 RMB), and the concession period is 30 years. 50%-70% of the total investment will be debt financed from banks.

 

The Kunming waste disposal fee is RMB 81 (€9.01, 1 EUR=8.9884 RMB) per ton, the waste disposal fee of Xianning project is RMB 65 (€7.23, 1 EUR=8.9884 RMB) per ton. Fees will be paid on a monthly basis by the respective local municipalities in charge and adjusted to the inflation index on an annual basis. With these two agreements, ZhongDe will replace the previous Xinjiang project and Lianshui project due to better returns on investment.

 

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: "We continue to implement our key strategy to expand the value chain into the operation of waste incineration plants. With the signing of the Kunming and Xianning BOT agreements, we are glad to announce to our investors another milestone in expanding our business to generate recurring revenues and to strengthen our market position in the segment of municipal waste disposal. We are convinced that the BOT business will generate attractive returns for our shareholders. Given our market position, our existing technologies and our experience, we are well-positioned for successfully engineering and profitably operating of these kinds of large-size waste to energy plants."

 

 

About ZhongDe Group

ZhongDe Group designs, manufactures and installs pyrolytic, grate and rotary kiln waste incinerators for the disposal of solid municipal, industrial (including hazardous) and medical waste, as well as complete sets of incineration plants with electricity generation.

 

Since 1996, ZhongDe Group has installed approximately 190 waste incinerators in about 13 provinces, and more than 130 waste incinerators in the last three financial years alone. Its waste incinerators are principally constructed for small and midsized Chinese cities in developed areas of the People's Republic of China, as well as for operators of medical disposal centres in the hospital and healthcare industry. ZhongDe Group is one of the leading suppliers of small and midsized solid waste incinerators in China, supplying state-of-the-art products.

 

 

Contact

Sylvia Faber
CEO
Citigate Dewe Rogerson GmbH
Hanauer Landstraße 175-179
60314 Frankfurt am Main
Tel: 0049-69 90 500-100
Fax: 0049-69 90 500-101
E-Mail: sylvia.faber@citigatedr.de
Internet: www.citigatedr.de

Overview

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30 November 2012

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23 October 2012

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30 August 2012

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29 August 2012

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31 July 2012

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23 July 2012

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17 July 2012

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30 April 2012

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30 November 2011

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14 September 2011

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31 August 2011

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31 May 2011

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26 May 2011
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20 May 2011

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2 May 2011
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24 February 2011
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30 December 2010
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30 November 2010
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19 November 2010
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10 November 2010
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30 August 2010
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27 August 2010
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19 July 2010
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4 June 2010
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28 May 2010
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30 April 2010
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12 February 2010
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30 December 2009
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30 December 2009
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30 November 2009
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7 September 2009
ZhongDe Waste Technology AG signs Letter of Intent with Covanta Energy Asia Pacific Holdings Ltd.
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31 August 2009
ZhongDe Waste Technology AG adjusted strategy for future growth in 2009
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3 August 2009
ZhongDe Waste Technology AG Annual General Meeting adopts dividend
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30 July 2009
ZhongDe Waste Technology AG signs letter of intent with ThyssenKrupp Xervon Energy
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20 July 2009
ZhongDe Waste Technology AG signs contract for waste incineration plant in Zhaodong City
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10 June 2009
ZhongDe Waste Technology AG announces to postpone its Annual General Meeting
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29 May 2009
ZhongDe Waste Technology AG presents its financial results for Q1 2009
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30 April 2009
ZhongDe Waste Technology AG maintains high growth rates
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20 April 2009
ZhongDe Waste Technology AG announces signing of two large-size BOT projects
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6 April 2009
ZhongDe Waste Technology AG signs Letter of Intent on Renewable Energy Projects for Electricity Generation in Jilin, PRC
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3 February 2009
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23 January 2009
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29 December 2008
ZhongDe Waste Technology AG announces change in the Supervisory Board
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28 November 2008
ZhongDe Waste Technology AG reports continued healthy growth in Q3 2008
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10 November 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
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30 September 2008
ZhongDe Waste Technology AG expects continuous growth and confirms initial estimation for financial year 2008
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29 August 2008
ZhongDe Waste Technology AG reports continuous growth in Q2 2008
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30 June 2008
ZhongDe Waste Technology AG announces cooperation agreement with Veolia
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16 June 2008
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30 May 2008
ZhongDe Waste Technology AG reports strong growth in Q1 2008
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29 April 2008
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7 April 2008
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18 March 2008
ZhongDe Waste Technology AG releases preliminary results for fiscal year 2007: net profit more than doubled - order intake increased by 90% to €44.4 million
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11 March 2008
ZhongDe Waste Technology AG signs contract for large scale waste incinerator plant
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28 November 2007
ZhongDe Waste Technology AG continues to grow in Q3 2007
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19 September 2007
ZhongDe Waste Technology AG secures land usage rights in Beijing – headstone for building a second production facility
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28 August 2007
ZhongDe Waste Technology AG presents strong performance in H1 2007
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9 August 2007
ZhongDe Waste Technology AG announces signing of two BOT projects
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12 July 2007
ZhongDe Waste Technology AG: Greenshoe option exercised in full
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5 July 2007
ZhongDe Waste Technology AG sets offer price and issue volume
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28 June 2007
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25 June 2007
ZhongDe Waste Technology AG launches its Initial Public Offering on the Prime Standard in Frankfurt
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14 June 2007
ZhongDe Waste Technology AG planning IPO in July 2007
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