Tri-Tech Holding Wins $7.9 Million Contract for Wastewater Pipeline Network and Treatment Plant in Hebei
BEIJING, Jan. 25, 2012 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which
provides turn-key water resources management, water and wastewater treatment, industrial safety
and pollution control solutions, announced today that it secured a Build-Transfer contract for the
construction of a wastewater treatment plant and a wastewater pipeline network in Dawangdian
Industrial Park in Xushui County, Hebei Province. The aggregate budget of the projects is totaled
at approximately $7.9 million (50 million RMB).
The project contract will be implemented under a Build-Transfer model. Upon the completion, the
company will transfer the ownership of the project to Xushui Government for commission.
Under the terms of the contract, the company will construct a wastewater treatment plant in an
industrial park in Dawangdian Township, Xushui County using Orbal Oxidation Ditch technology.
The plant will have a daily treatment capacity of 15,000 cubic meters, and treated water discharged
from the treatment plant will comply with Class 1A standards, as defined in the National Discharge
Standard of Pollutants for Urban Wastewater Treatment Plants. As part of the contract, the
company will build 15.3 kilometers of wastewater pipeline network in the industrial park.
The company will participate in civil construction, equipment procurement, installation, treatment
process calibration, operator training and trial operation for the plant and wastewater pipelines.
Both projects are scheduled to be completed by November 2012.
Mr. Gavin Cheng, President of Tri-Tech Holding commented, “Upon commission, the wastewater
treatment system will improve the industrial park area’s environment, which should make the
industrial park more attractive to investors and businesses considering relocation. The project
treatment mix will be approximately 70% industrial wastewater and 30% sewage. We expect that
the implementation of the project will enhance our visibility in China’s industrial wastewater
treatment sector. We expect more opportunities to compete in this sector and market region. ”
Mr. Warren Zhao, CEO of Tri-Tech Holding said, “We are delighted that Tri-Tech continues its
steady performance in China’s wastewater treatment sector following several international water
and wastewater projects awarded in previous months. The Hebei-Tianjin area is quite
familiar to Tri-Tech since we penetrated the traditional municipal wastewater sector at an early
stage. With years of project implementation experience, we have evolved from simply providing
construction services for wastewater plants to being capable of implementing complete municipal
wastewater treatment facility systems such as treatment plants, wastewater piping and pump
stations. The extended capability will further ensure a competitive edge in the market. In October
2011, The Proposals on Key Issues of Environment Protection issued by the State Council
emphasized the Chinese government will extend sewage collection network coverage and improve
construction of urban sewage collection networks to improve waste control. According to the
12th Five-Year Plan on Environmental Protection recently issued by the State Council, industrial
wastewater control projects have been included in a list of eight key environmental protection
projects to be implemented during the 12th Five-Year Plan period. During the period, we expect
significant market opportunity for industrial wastewater treatment in industrial parks as these
parks promote low-carbon concepts and comply with regulatory pollution control standards. With
these opportunities in mind, Tri-Tech will focus on wastewater pipelining and industrial wastewater
treatment in order to participate in building China’s wastewater treatment infrastructure.”
About Dawangdian Industrial Park
With a designed area of 28 square kilometers, the industrial park is primarily developed for industries
including automobiles and parts, and manufacturing of alternative energy and energy saving
equipment. Currently, eight enterprises, including two central government-owned companies and
two public companies, settled in the park. The park features 27 projects and a total investment of
49.7 billion RMB, which are either in operation, or under construction, or in the process of obtaining
construction approval. By the end of the 12th Five- Year Plan period, the production value of the
industrial park is expected to exceed 100 billion RMB. Because the industrial park emphasizes both
project construction and environment sustainability, it continues to increase spending in
infrastructure of the park, and the construction of wastewater collection and treatment facilities
are proceeding as planned.