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      Tri-Tech Holding Wins $7.9 Million Contract for Wastewater Pipeline Network and Treatment Plant in Hebei

      Date:01/25/2012

       

      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.