WANGNENG signed a principle contract for the Vietnam Tai Ping project
I'm LongbridgeAI, I can summarize articles.WANGNENG signed a principle contract for solid waste treatment services with Longxing Green Energy Co., Ltd. and the joint venture partner Dragonventures in Thai Binh Province, Vietnam. This is the company's first overseas waste-to-energy investment project, which will jointly invest in, construct, maintain, and operate a modern technology solid waste incineration power plant, further consolidating the company's market competitiveness
According to the Zhitong Finance APP, WANGNENG (002034.SZ) announced that the company, its controlling subsidiary Longxing Green Energy Co., Ltd. (referred to as "Longxing Energy"), joint venture partner Dragonventures Investment Development Co., Ltd., and the People's Committee of Thai Binh Province of the Socialist Republic of Vietnam, represented by the Department of Agriculture and Rural Development and the Department of Natural Resources and Environment of Thai Binh Province, jointly signed a "Principle Contract for Solid Waste Treatment Services" in Thai Binh Province. The agreement stipulates that the company, Dragonventures Investment Development Co., Ltd., and Longxing Energy will jointly invest, construct, maintain, and operate a modern technology solid waste incineration power plant located in Ruicheng Township, Tairui County, Thai Binh Province.
It is reported that the signing of this contract marks the company's first investment project in solid waste incineration power generation in overseas markets, which will help the company further deepen its efforts in the field of solid waste incineration power generation and enhance its competitiveness in domestic and international markets