China’s Yunnan Water, Xinjiang Derun to establish $19.1 mln JV

Chinese investment holding company Yunnan Water Investment Co., Ltd. announced that it has agreed to establish a joint venture (JV) with construction company Xinjiang Derun in Ganquanpu Economic Development Zone in Urumqi City, with a registered capital of 132.9 million yuan ($19.1 million)

Pursuant to the terms of the deal, the JV will be owned as to 90 percent and 10 percent by Yunnan Water and Xinjiang Derun respectively. 

The JV will be responsible for the investment, construction and operation maintenance businesses of a public-private partnership (PPP)  project.

The PPP project is an integrated treatment of solid wastes for the Venous Industrial Park in Ganquanpu Economic Development Zone in Urumqi, which was awarded to Yunnan Water on 16 August 2018. The total estimated investment amount of the project is $57.5 million.