China Everbright International Ltd. (00257.HK) expects to complete construction on 15 waste-to-energy plants and five treatment projects for hazardous waste this year and next, chief executive Chen Xiaoping said Thursday.
It will invest 12.87 billion yuan (US$2.1 billion) in the projects which will boost its household waste capacity to 8.23 million tons annually.
Three water treatment projects and one recycling plant will be completed in the next two years as the company ramps up development in this segment, Chen told reporters during a results announcement.
China Everbright posted an 18 percent increase in profit to HK$1.32 billion (US$169.2 million) in the year to Dec. 31. Turnover grew 56 percent to HK$5.32 billion.
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