Shanghai Industrial Holdings announced it would invest RMB 10 billion in its water supply and treatment business over the next three years.
The company has signed preliminary agreements with state-owned China Energy Conservation Investment to form two JVs.
China Energy is the country's only state-level public enterprise focused on the businesses of environmental protection and energy conservation.
China Water & Sewage is expected to invest US$30 million by 2006 in a 100,000-tonne waterworks, a 60,000-tonne sewage treatment plant and drainage for water supply and sewage.