Qinghai
Sheng Snow Environmental Protection Technology Co. Ltd., a subsidiary of Beijing
SDL Technology Co., Ltd and Beijing Zhongdian Jiamei formed a consortium to
jointly bid for the “East Sea area of Ledu city sewage treatment plant PPP
project” after determining the bid announcement and received the successful
results of the Qinghai Provincial Machinery & Electric Equipment Tendering
Center.
The project
budget is 142.63 million yuan, the service requirements for investment,
construction, operation of Ledu sewage treatment plant, the cooperation period
is thirty years franchise period, including construction period and operation
period, the return mechanism for user payment and feasibility gap subsidy. The
project will be jointly established by the investment parties in which the East
Sea municipal government contributed 30% stake. CLP invested 51% stake, Qinghai
Sheng Snow contributed 19% stake.
As a
business platform for the environmental management of SDL, Qinghai Sheng Snow
wins the PPP project of the Ledu District Wastewater Treatment Plant in Haidong
City, marking a strategic step taken by the Company in the field of
environmental management. Through the participation in the construction and
operation of the project, Qinghai Sheng Snow will accumulate practical
experience in environmental management business and develop a core team to lay
a solid foundation for the company's comprehensive environmental platform
layout.