Suez Signs Energy-From-Waste, Recycling Deals With Chinese Firms

(Bloomberg) — Suez SA signed a contract worth slightly less than €100 million ($108 million) to design and build a sludge incineration plant for Chinese utility Dongguan Water Group, a spokesperson for the French water and waste-treatment company said.

The plant, which will be located in the Chinese city of Dongguan, will be able to handle 2,000 tons of municipal sludge per day to produce heat and power, Suez said in a statement Monday. The French firm is seeking to land a follow-up deal to operate and maintain the facility, which could generate about €1 billion of revenue over 20 years, a company representative told Bloomberg.