October 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Tri-Tech Holding Inc. (NASDAQ: TRIT), a Chinese firm that provides solutions in China for water resources, water and wastewater treatment, industrial safety and the pollution control markets, said that it has won a joint bid for a major drinking water treatment plant with a daily capacity of 96,000 cubic meters for the city of Ordos in the Inner Mongolia Autonomous Region.

According to Tri-Tech, the Ordos plant is expected to be one of China's largest drinking water treatment plants of this kind, applying both ultra-filtration and nanofiltration technologies.

Tri-Tech jointly bid with Beijing Anguo Water Treatment Automation Engineering Technology Co. Ltd. and Fourth Construction Co. of Hebei Province to provide engineering, procurement and construction general contractor services.

The company said that it and Anguo will establish a joint venture project entity to serve as the general contractor. Tri-Tech will own 80% and Anguo will own 20% of the joint venture.

Fourth Construction Company of Hebei Province will serve Tri-Tech and Anguo as the civil construction sub-contractor on the project.

The project will be implemented under a Build-Transfer contract. The total budget for Phase 1 of the project will be RMB270 million (around $40 million). Tri-Tech said it expects to recognize revenues of around $32 million for its role in the project. The project is scheduled be completed by late 2011. After completion, the water treatment plant will be transferred to the Dongsheng District, Municipality of Ordos.

China-based Tri-Tech designs customized sewage treatment and odor control systems for China's municipalities and larger cities.

=========

Equity research on any public company is available through the Shareholders Research Alliance (go to http://www.investrend.com/synd0004 for more information).  Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html).  Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Copyright © MMX, FinancialWire(tm); All rights reserved.

[hlmsmlh] [nfrstctrtct] [cmmtypblc] [tltsslttlts] [rvcscvr] [ntrntnlcmpnsbsnss] [chnchn] [nwdlsldw] [ftrdnwswnd]

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.