Press releases

ZhongDe Waste Technology AG signs EPC contract with Dingzhou Ruiquan Solid Waste Treatment Co., Ltd

Hamburg, December 30, 2009

 

600 tons/day waste incinerator plant with electricity generation for Dingzhou

The fourth large EPC project for ZhongDe

Strategic milestone to expand into large-scale incineration market

Contract volume amounts to RMB 229.74 million (VAT excluded)

 

ZhongDe Group [Ticker ZEF] has signed an EPC contract with Dingzhou Ruiquan Solid Waste Treatment Co., Ltd on a 600 tons/day waste incinerator plant with electricity generation. The project is located in Daqilian Village, Dingzhou City, Hebei province. The actual contract value (VAT excluded) is RMB 229.74 million (approx. EUR 23 million) and the total contract amounts is RMB 268.8 million (tax included). This is the fourth large engineering, procurement and construction project (EPC project) for ZhongDe.

 

The Dingzhou project uses the grate furnace incineration technology. Two incineration lines with daily treatment capacity of 300 tons each will be installed. The project treats an average of 600 tons of municipal waste daily with an annual 8,000 hours of equipment utilization. The total waste treatment volume of the whole plant is 200,000 tons per year. Each incineration line is supported with semi-dry flue-gas purifying treatment. The steam produced from the waste heat boiler will be utilized for the power generation of a 9 MW turbo generator unit. The electric power generated by the unit will be partly used by the plant, the remaining of which will be incorporated into the urban power grid. The matching systems include flue-gas treatment system, slag or flying-ash delivery system, etc.

 

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: "With the rapid development and progress achieved in technology since the IPO, ZhongDe is now capable of not only manufacturing large scale incinerators but also building complete sets of incineration plants with electricity generation. This is a milestone in the development of ZhongDe's products and technology. Dingzhou project is only about 100 kilometers away from Beijing, the capital of China. By signing this contract we have successfully improved the geographical distribution of projects in China and continued to implement ZhongDe's key strategy of expanding into the large-scale incineration market with the objective of strengthening our market position in the segment of waste to energy."

 

 

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 200 waste incinerators in about 13 provinces and more than 80 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 centers in the hospital and healthcare industry. ZhongDe Group is one of the leading suppliers of state-of-the-art solid waste incinerators in China. ZhongDe Group also acts as one of the leading players of large-size Waste-to-Energy industry in China.

 



Contact

William Jiuhua Wang
Director & CFO
ZhongDe Waste Technology AG
Tel: +86 (10) 885 98 010
E-Mail: william.jw@zhongdetech.com

 

Li Zhong (Linda)
Investor Relations Manager
Stadthausbrücke 1-3
20355 Hamburg
Tel: +49 40 37644 756
Fax: +49 40 37644 500
E-Mail: li.zhong@zhongde-ag.de

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11 March 2008
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28 November 2007
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