Released under the GIC Framework
Veolia Water, the Water Division of Veolia Environnement, has just been awarded two new management contracts for wastewater treatment plants in China. The contracts, which were awarded through a bidding process, are worth a total of €340 million.
The first contract with the city of Urumqi (population of 1.2 million), the capital of the Xinjiang Uyghur Autonomous Region, consists of the modernization and operation for a 23-year period of the city's wastewater treatment plant, in partnership with Beijing Capital Group. The plant's current capacity of 200,000m3 per day will be raised to 400,000m3 per day over the next three years. Total revenue for Veolia Water over the duration of the contract will amount to €280 million.
The second contract, which was awarded by the city of Handan (population of 800,000) in Hebei province (south-west of Beijing), comprises the construction of a new wastewater treatment plant with a capacity of 100,000m3 per day and its operation for 25 years. The treatment processes selected (Multiflo®, Biostyr®, Alizair®) employ technologies developed by Veolia Water Systems, the technology solutions subsidiary of Veolia Water, which will also handle the engineering and construction work. Total revenue under this contract will amount to €62 million.
« "These two new contracts fit perfectly with Veolia Water's strategy of expanding its water production and wastewater treatment activities right across China. They follow on from the contracts signed with municipal authorities in Beijing, ZunYi (Guizhou province), Hohhot (Inner Mongolia) and Weinan (Shaanxi province). Veolia Water now operates in 14 of the 28 provinces of China. These new positions will help to extend our leadership in this market" »
commented Antoine Frérot, Chief Executive Officer of Veolia Water