Wangneng Environment: Total investment of approximately 1.244 billion RMB to build an Indonesian waste incineration power generation project

NightAirdropper · 2026-03-06T01:42:15+00:00

Wangneng Environment plans to invest $180 million to build the Indonesia Muja Sih Waste Incineration Power Generation Project, with an expected operation period of 30 years. The project will process 1,500 tons of waste daily, with revenue mainly from electricity sales, expected to enhance the company's profitability. Financing will be arranged through 30% equity and 70% debt or equity methods.

NightAirdropper

2026-03-06 01:42:15

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Gelonghui, March 4 — Wangneng Environment announced that the company will hold a board meeting on March 4, 2026, to review and approve the investment in the Indonesia Wajasi waste incineration power generation project. The total investment for the project will not exceed $180 million, approximately 1.244 billion RMB, accounting for 8.59% of the company’s most recent audited total assets and 18.62% of its net assets. The project involves building a 1,500-ton-per-day municipal waste incineration power plant in Wajasi, Indonesia, with an expected operational period of up to 30 years. The company plans to raise funds through 30% equity and 70% debt or equity financing. The main revenue will come from electricity sales at a rate of $0.20 per kWh. It is expected that upon completion, the project will enhance the company’s profitability.

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