Press releases

ZhongDe Waste Technology AG signs EPC contract with Shouguang Fuyuan Waste to Power Co., Ltd

Hamburg, June 4th, 2010

 

600 tons / day waste incinerator plant with electricity generation for Shouguang
Fifth largest EPC project for ZhongDe
Improves ZhongDe's geographical distribution of waste-to-energy projects in China
Actual contract amounts to RMB 230.8 (VAT excluded)

 

ZhongDe Group [Ticker ZEF] has signed an EPC contract with Shouguang Fuyuan Waste to Power Co., Ltd on a 600 tons / day waste-to-energy plant. The project is located in the north of Shouguang city, Shandong Province. The actual contract value (VAT excluded) is RMB 230.82 million (EUR 27.4 million) and the total contract amounts to RMB 270.1 million (tax included; EUR 32.0 million). This is the fifth largest engineering, procurement and construction project (EPC project) for ZhongDe.

 

The Shouguang project uses the grate furnace technology. Two lines with daily treatment capacity of 300 tons will be installed. The project treats an average of 600 tons of domestic waste daily in the first phase with an annual 8000 hours of equipment utilization. The total waste treatment volume of the whole plant is 200,000 tons per year. Flue-gas purifying treatment for the project adopts the techniques "semi-dry reaction tower + activated carbon adsorption + bag filter". The steam produced from the waste heat boiler will be utilized for the power generation of a 9MW turbo generator unit. The electric power generated by the unit will be partly used for production and living of the plant, the remaining power will be incorporated into the urban power grid. The matching systems include flue-gas treatment system, slag or flying-ash delivery system, etc. The annual maximum generating capacity amounts to 66.30×106kW.h.

 

Zefeng Chen, founder and CEO of ZhongDe Waste Technology AG, comments: "With the rapid development and progress achieved in technology, ZhongDe now has the capacity to build large-scale waste-to-energy plants. 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 waste-to-energy market with the objective of strengthening our market position and expend market share 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
Executive 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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