Aqulayng-BEWG China Desalination Company Limited
Beijing Enterprises Water Group Limited (“BEWG”) has successfully subscribed 50% equity
interest in Aqualyng China Limited (“Aqualyng China”), a company established by
desalination leader Aqualyng Holding AS (“Aqualyng”), both companies set up the Joint
Venture, Aqulayng-BEWG China Desalination Company Limited, as part of their expansion
plans into the Chinese water sales market to develop the cooperation of seawater
desalination industry. For the first cooperation, both Aqualyng and BEWG construct and
undertake the design, operation, ownership and maintenance of a 50,000 m3/day
seawater desalination plant in the Caofeidian Industrial Zone. With successful experience
and advantaged resource of BEWG, advanced technology and strong experience of
Aqualyng, Aqualyng and BEWG will get more and more supports for development of
desalination market in China.