BEIJING, July 6, 2012 /PRNewswire-Asia-FirstCall/ -- Tri-Tech Holding Inc. (Nasdaq: TRIT), which provides turn-key water resources management, water and wastewater treatment, industrial safety and pollution control solutions, announced today that it was awarded a water conservation irrigation contract for a forage cultivation project undertaken by the Water Resources Management Administration of Buerjin County in Xinjiang Uygur Autonomous Region. The contract amount totals $1.3 million.
According to the contract, Tri-Tech will provide the Township of Yelaman with four sets of water conservation irrigation systems for a new irrigation area covering 625 hectares. The irrigation systems will be used for development and cultivation of forage land. Tri-Tech will be involved in the civil construction, procurement of pipes and fittings, installation and trial operation of the systems. We expect the project to be completed by the middle of November 2012.
Mr. Gavin Cheng, the Joint CEO of Tri-Tech Holding said: "The Yelaman water conservation irrigation project is another successful initiative in the agricultural water resources infrastructure field in Xinjiang following the Yelaman BOOST municipal infrastructure project we received last year. The project will expand Yelaman's forage cultivation area and improve the efficiency of agricultural irrigation, which will benefit the development of animal farming in the area.According to the Chinese agricultural sustainable development programs, RMB 20 billion will be spent on funding high-efficiency water conservation irrigation initiatives during the 12th Five Year Plan period. North China will prioritize development of efficient water conservation irrigation with typical models such as drip irrigation, sprinkler irrigation and micro-irrigation, which we believe will develop rapidly. As a water conservancy solution provider, Tri-Tech will continue to leverage its advantages to pursue more business in the sector."