More News

Project

Staff Reporter

, China

Published:

12 years ago

United Envirotech acquires waste-water project in China

This after exercising a call option to acquire the entire equity interest of Tongji Environmental Pte Ltd for RMB34.03m.

According to OCBC’s report, Tongji is the holding company of Aton Environmental Co, where the latter has a 30-year BOT concession agreement with the municipal government to treat 50k m3 of wastewater daily.

Here’s more from OCBC:

Tongji is the holding company of Aton Environmental Co, where the latter has a 30-year BOT (Build-Operate-Transfer) concession agreement with the municipal government to treat 50k m3 of wastewater daily. According to UEL, the move is part of its business strategy to increase recurring income streams through the investment in water treatment projects. UEL intends to fund the investment using internal resources - recall that UEL has just issued US$113.8m worth of convertible bonds to KKR. While we are generally positive on the latest development, we need to speak with management to get more details before we adjust our estimates.

Follow the link for more news on

Also Read

Kansai EP's Takahama-4 nuclear reactor to resume operations on 21 May

Masdar consortium secures land for 10GW wind project in Egypt

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

China leans heavily on fossil fuels for 65% of electricity in 2023

Despite this, the country also led in solar and wind energy generation.

Power Utility

23 hours ago

Global nuclear generation up 1.8% in 2023, led by US and China

Japan saw the fastest growth in nuclear share as it resumed operations of reactors.

Power Utility

23 hours ago

REDC's net income rises 32% in Q1 on hydropower success

Its power generation reached 28.9 kWh from 19.5 kWh in Q1 2023.

IPP

23 hours ago

Kansai EP's Takahama-4 nuclear reactor to resume operations on 21 May

The company will have all its seven active nuclear reactors in operation.

Project

23 hours ago

Exclusives

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Japanese utility firms into serious business of reselling LNG surplus

Declining local demand for LNG directs Japanese companies to the South and Southeast Asian markets.

Power Utility

India removes licence requirement to build transmission lines for bulk consumers

The rule applies to those with at least 25 MW of load for inter-state connection and at least 10 MW for intra-state.

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.