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Suez Reaches China Wastewater Management Accord With Dayi Water

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Feb. 21 (Bloomberg) -- Suez Environnement, Europe’s second-biggest water company, is entering the Sichuan market in China by teaming up with Dayi Water to manage wastewater treatment plants in Shuangliu County.

Suez subsidiary Sino French Water Development Co. and Sichuan Dayi Water Co. formed the new Shuangliu Dayi venture, the Paris-based company that’s 34 percent-owned by GDF Suez SA said today in a statement.

The partnership will manage and operate eight water treatment plants and involves the construction, management and operation of the Shuangliu Maojiawan wastewater facility. The projects are expected to generate about 156 million euros ($206 million) in revenue for the venture over 25 years, Suez said.

Link to statement: {NSN MIKY0M6MMXAC <GO>} Link to Company News:{GSZ FP <Equity> CN <GO>} Link to Company News:{SEV FP <Equity> CN <GO>}

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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