ZhongDe Waste Technology AG / Contract
23.01.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Ad hoc announcement according to § 15 WpHG of 23 January 2009
ZhongDe Waste Technology AG signs contract with Zhucheng Baoyuan New Energy
Power Generation Co., Ltd
Contract value of approx. 30M (268,350,000 RMB, 100 EUR = 887.62 RMB)
500 tons/day waste incinerator plant with electricity generation for
Zhucheng
Strategic milestone to expand into large-scale incineration market
Hamburg, 23 January 2009 The operational subsidiary of ZhongDe Waste
Technology AG [Ticker ZEF], Fujian Fengquan Environmental Protection
Holding Co. Ltd ('ZhongDe'), has signed today a contract with Zhucheng
Baoyuan New Energy Power Generation Co., Ltd on the construction of a waste
incinerator plant with a capacity of 500 tons/day, which can also generate
electricity. The plant is built in Zhucheng City, Shandong Province. The
total contract volume amounts to approx. 30 million. ZhongDe expects the
project to be completed by the end of 2010. The 'percentage of
completion'-method is being used for this major contract, which means that
the Zhucheng project will contribute to the revenues and earnings of 2009
and 2010. This is another large engineering, procurement and construction
project (EPC project) after the conclusion of the contract for the Datong
project in March 2008.
The Zhucheng project adopts the grate furnace incineration technology. Two
incineration lines with a daily treatment capacity of 250 tons will be
installed. The total waste treatment volume of the whole plant is up to
165,000 tons per year. Each incineration line is supported with semi-dry
flue-gas purifying treatment. The steam produced from the waste heat boiler
will be utilized for the power generation of a 9MW turbo generator unit.
The electric power generated by the unit will be partly used for production
and supply of the plant. The remaining generated electricity will be
incorporated into the urban power grid.
About ZhongDe Group:
ZhongDe Group designs, manufactures and installs pyrolytic, grate and
rotary kiln waste incinerators
for the disposal of solid municipal, industrial (including hazardous) and
medical waste, as well as complete sets of incineration plants with
electricity generation.
Since 1996, ZhongDe Group has installed approximately 190 waste
incinerators in about 13 provinces, and more than 130 waste incinerators in
the last three financial years alone. Its waste incinerators are
principally constructed for small and midsized Chinese cities in developed
areas of the Peoples Republic of China, as well as for operators of
medical disposal centres in the hospital and healthcare industry. ZhongDe
Group is one of the leading suppliers of small and midsized solid waste
incinerators in China, supplying state-of-the-art products. The trading of
the shares (German Securities Identification Number ZDWT01, ISIN
DE000ZDWT018 and ticker symbol ZEF) commenced on the Prime Standard segment
of the Frankfurt Stock Exchange on 6 July 2007.
Contact
Sylvia Faber
CEO
Citigate Dewe Rogerson GmbH
Goethestraße 26-28
60313 Frankfurt am Main
Tel: 0049-69 90 500-100
Fax: 0049-69 90 500-101
E-Mail: sylvia.faber@citigatedr.de
Internet: www.citigatedr.de
DGAP 23.01.2009
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Language: English
Issuer: ZhongDe Waste Technology AG
Stadthausbrücke 1-3
20355 Hamburg
Deutschland
Phone: +49 40 37644 745
Fax: +49 40 37644 500
E-mail: cornelia.dieker@zhongdetech.de
Internet: www.zhongdetech.de
ISIN: DE000ZDWT018
WKN: ZDWT01
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: ZhongDe Waste Technology AG: ZhongDe Waste Technology AG signs contract with Zhucheng Baoyuan New Energy Power Generation Co., Ltd
| Source: EQS Group AG