Zhaoyuan Solid Waste Incineration Power Plant

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In November 2012, a floated private company Anhui Shengyuan Machinery Company Limited signed an agreement with the Zhaoyuan Municipal Government to finance, build and operate a solid waste incineration power plant in Zhaoyuan City, Shandong Province. A SPV, Zhaoyuan Shengyuan Environmental Protection Company Limited was registered in August 2013 to implement the project with an initial registration capital of RMB 5 million (US$ 0.81 million). In March 2014, the registration capital of the SPV increased to RMB 60 million (US$ 9.77 million). The total investment of the project was RMB 200 million (US$ 32.57 million) and Anhui Shengyuan had a 100% stake in the project. The capacity of the plant was not reported. The concession term was 25 years, excluding 18 month construction period.