Greentech Lead U.S: Tri-Tech Holding, a provider of
turn-key water resources management, water and wastewater treatment, industrial
safety and pollution control solutions, has secured several contracts for
wastewater treatment, high-rising building water supply equipment procurement
and flash flood forecasting projects.
The aggregate value of all contracts is
approximately $3.2 million (approximately RMB 20.15 million).
The company will provide water supply system procurement
services for three real estate development projects and one new university
project in Beijing, and wastewater treatment system procurement services
for a new subway station in Beijing, and flash flood early warning and
forecasting systems for several counties
in Guangxi, Fujianand Hubei provinces.
Tri-Tech expects to complete all the water supply
projects between the end of December 2012 and April
2013 and to complete the flash flood forecasting projects
between March 2013 and August 2013.
The company has made noticeable progress in expanding our
market presence in water and water resources management in the fourth quarter,
said Gavin Cheng, Joint CEO of Tri-Tech Holding. It is also seeking new
business opportunities and working with a top quality advisory firm to
streamline our organizational structure to reduce our costs and expenses while
maintaining efficiency.
Tri-Tech has received cash advances for Buxar and
Begusarai projects from BUIDCo, the customer of the Indian Bihar sewage systems
projects, in mid-October and mid-November, respectively, Cheng said. The Bihar
projects are currently being implemented as scheduled, and we anticipate
further cash payments as the projects continue to move forward.