CT Environmental Group (CTEG) (01363) said a new tender was recently awarded by the Guangzhou Development Zone Wastewater Treatment Management Bureau to a subsidiary of CTEG for the provision of sludge treatment services at a price of Rmb499 per ton, as compared to Rmb358 per ton in the 2014 contract.
The service will cover a period from 17 December 2017 to 31 December 2018 and the volume of sludge to be treated is expected to be 37,896 tonnes. It is expected to provide the Group with revenue of about Rmb18.9 million over the service period.
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