Tianjin Capital Environmental Protection Group Company Limited Announces to Conducting the Commissioning and Trial Operation for the Xianyanglu Sewage Water Treatment Plant Relocation and Upgrading Project
January 20, 2020 at 08:26 am EST
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The Board of Tianjin Capital Environmental Protection Group Company Limited to announce that, on 20 January 2020, the Board considered and approved the resolution in respect of the proposed signing of the Agreement by the Company with Tianjin Infrastructure Construction, pursuant to which Tianjin Infrastructure Construction will entrust the Company to conduct the commissioning and trial operation for the Xianyanglu Sewage Water Treatment Plant Relocation and Upgrading Project. Reference is made to (i) the announcement of the Company dated 17 February 2014 in respect of obtaining the licensed operation right of the four sewage water treatment plants in Tianjin including Jizhuangzi sewage water treatment plant and the signing of licensed operation agreement by the Company; (ii) the further announcement of the Company dated 20 February 2014 in respect of obtaining the licensed operation right of four sewage water treatment plants in Tianjin including Jizhuangzi sewage water treatment plant and the signing of licensed operation agreement by the Company; (iii) the announcement of the Company dated 16 June 2016 in respect of the upgrade and renovation of the four sewage water treatment plants; and (iv) the announcement of the Company dated 24 April 2018 in respect of the provision of entrusted construction and project management services by the Company (the "Announcement"). The Board announced that, on 20 January 2020, the Board considered and approved the resolution in respect of the proposed signing of the Agreement by the Company with Tianjin Infrastructure Construction, pursuant to which Tianjin Infrastructure Construction will entrust the Company to conduct the commissioning and trial operation for the Xianyanglu Sewage Water Treatment Plant Relocation and Upgrading Project. The principal terms of the Agreement are summarized as follows: Parties (a) Tianjin Infrastructure Construction (as entrusting party); and (b) The Company (as entrusted party). The site is located at Xiqing District, with Chentaizi drainage river on the eastern side, Duliujian river on the southern side, Old Chentaizi Village on the western side and existing high voltage power grid on the northern side. The sewage water treatment capacity of the sewage water treatment plant is 450,000 cubic meters per day. According to the Agreement, Tianjin Infrastructure Construction shall entrust the Company to conduct the commissioning and trial operation for the Xianyanglu Sewage Water Treatment Plant Relocation and Upgrading Project, the scope and content of the commissioning and trial operation are as follows: (a) Transport the activated bacterial sludge from the Xianyanglu Sewage Water Treatment Plant to the new plant site, unload the activated bacterial sludge into the biological pool for sludge dilution, start developing flora cultivation and the acclimation of activated sludge system; (b) Purchase the drugs required for the commissioning and trial operation period, add in the drugs; and (c) Entrust the transportation and maintenance service unit to conduct commissioning and trial operation for the equipment and facilities (excluding electricity charges). The fee for conducting the commissioning and trial operation under the Agreement is RMB 4,697,422.82 (equivalent to approximately HKD 5,320,301.09), which shall be paid by Tianjin Infrastructure Construction to the Company in one-off payment when the quality of treated water of the Xianyanglu Sewage Water Treatment Plant has met the passing standard of acceptance inspection.
Tianjin Capital Environmental Protection Group Company Limited is engaged in water utilities business, and energy cooling and heating supply business. The Company's principal activities include the processing of sewage water, construction and management of related facility, supply of tap water, recycled water and supply of heating and cooling and management of related facility. Its segments include Tianjin plants, Hangzhou plants, Other plants, Recycled water, Heating and Cooling, Tap water, Sale of environmental protection equipment and All other. It provides design, construction and operations of sewage processing facility and financing, construction and transfer of sewage processing facility project services. The recycled water business includes developing, constructing and operating of recycled water projects, production and sale of recycled water, and provision of related research and development, and technical consultation services.
Tianjin Capital Environmental Protection Group Company Limited Announces to Conducting the Commissioning and Trial Operation for the Xianyanglu Sewage Water Treatment Plant Relocation and Upgrading Project