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| Monday, 20 October 2014, 17:40 HKT/SGT | |
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HONG KONG, Oct 20, 2014 - (ACN Newswire) - Sound Global Ltd. ("Sound Global" or the "Company"; Hong Kong Stock Code:967) is pleased to announce that it has won the bid for the public-private partnership ("PPP") bundled project of 13 sewage treatment plants in Tongzi County, Guizhou Province, the PRC.
Situated in Tongzi County, Zunyi City, Guizhou Province, the bundled project of 13 sewage treatment plants in Tongzi County comprises of No.2 Sewage Treatment Plant and 12 sewage treatment plants within Tongzi County, with other supporting piped network projects. The project is invested and constructed by Sound Global under the mode of PPP promoted by the Ministry of Finance, with a daily total treatment capacity of 37,200 tonnes. The treatment capacity of phase I is 26,200 tonnes, while the aggregate investment for it is approximately RMB180 million. The project is designed to meet the Grade 1B standards as defined in the "Discharge Standard of Pollutants for Municipal Wastewater Treatment Plants" (GB18918-2002). It has a licensed operating term of 30 years. The construction of this project will contribute greatly to improvement of living conditions of the local people and strengthening the ecological improvement in rural areas.
Mr. Wen Yibo, Chairman of Sound Global, commented: Winning the bid for phase I of the PPP Project of 13 sewage treatment plants in Tongzi County is another typical example of comprehensive sewage treatment following the successful implementation of bundled sewage treatment projects in Xishui County, Huangpin County and Xingren County of Guizhou. In particular, as the first PPP project in the same industry within Guizhou Province during the Twelfth Five-Year Plan, this model would fully utilize its capital for construction of the infrastructure and is expected to provide a stable source of capital for the urbanization of the region. As such, this project can help reduce the pressure of debt facing the local government. Furthermore, this project provides an economically viable solution for the environmental management in the towns and rural areas in the PRC. The commencement of the project will accelerate Sound Global's pace in expanding its foothold in Southwest China and the entire Country as Tongzi County is in a strategic location that spreads along Sichuan, Chongqing and Guizhou.
About Sound Global Ltd.
Sound Global is the leading one-stop integrated water and wastewater treatment solutions providers in the PRC. The Company offers services covering the full value chain of the water and wastewater treatment industry - from the design and construction of water and wastewater treatment facilities, to the operation and maintenance of water and wastewater treatment facilities and the manufacture of water and wastewater treatment equipment. With advantages in technology, capital, management and whole industry chain, Sound Global has earned a high reputation within the water industry for its excellence since its founding. The Company has very extensive business networks covering all major provinces in PRC. On top of coverage in domestic market, sound global has also penetrated into overseas market in 2009 and continued expanding its business presence internationally. Sound Global is the first Chinese water enterprise that successfully won the bid for the overseas water project.
The Company places significant emphasis on its in-house design capability and the innovative adaptation and application of technologies to offer customized, cost-effective and practical solutions for the diverse challenges presented by the treatment of municipal and industrial water and wastewater. With strong R&D and technical capacity, Sound Global could provide wastewater treatment solution for all major industries, particularly coking, metallurgy and petrochemical industries who demand highly sophisticated wastewater treatment technologies.
In 2011, Sound Global expanded into the markets of environmental management in China's suburban-rural areas. Sound Global researched and developed a new program -- the "Sound Global SMART(1) Solution for wastewater treatment in Small Townships". This program was implemented in 18 bundled wastewater treatment projects in Changsha County of Hunan Province. This integrated wastewater treatment programs, developed by Sound Global, established successful models for wastewater treatment in suburban-rural areas of China.
(1)Small & Skillful, Multiple & Modular, Active & Automatic, Rapid and Technologic
Topic: Press release summary
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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