The Chinese JV with Hi-Firm is completing the construction of two plants in the Jiangsu (investment of 66 million euros) and Zhejiang (investment of over 100 million euros) provinces. It is now negotiating for the design development and subsequent construction of other sites for waste disposal in China.
MILAN, March 15 (Class Editori) - Since 2013, Hera started the waste-to-energy business in China, thanks to a joint venture with the local Hi-Fim group and the Npv Europe-Sri Group. The newco Hera Environmental Protection Technologies (Hept) core business is the supply of a range of waste treatment and energy production services (waste-to-energy), especially for hazardous industrial waste.
As a matter of fact, the Chinese company 30% owned by Hera (60% of Hi-Firm and the remaining 10% of Npv-Sri), which is completing the construction of two waste-to-energy plants in the provinces of Jiangsu (investment of 66 million euro) and Zhejiang (an investment of over 100 million euros), is now in an advanced stage of negotiation with the giant Shanghai Electric for the design development and subsequent construction of other sites for waste disposal in the Asian country.
The industrial alliance with the shareholder (40%) of Ansaldo Energia will include the supply of technology and engineering solution and project management in favor of one of the main Chinese multi-utilities, namely the Shanghai Eletric which has in the pipeline the construction of dozens of waste-to-energy plants that have an average cost fluctuating between 100 and 150 million.
In this regard, recently Stefano Venier, Hera CEO, stayed for a week in Shanghai to meet future partners and to define the technicality of the agreement. According to what MF-Milano Finanza learned, the agreement could also include a possible investment in equity of the same Asian giant in the capital of Hept, that in 2018 closed with 100 million yuan turnover - nearly 15 million euros - made through the provision of engineering services.
For what concerns the developing industrial plan, Hera's Chinese joint venture has in pipeline the construction of at least seven other waste-to-energy plants located in the provinces of Shaanxi (2 sites), Shandong, Sichaun and Hunan, in addition to a plant to be developed in the municipality of Shanghai.
(Source:Class Editori)
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