(Yicai Global) July 3 -- China Tianying's overseas wholly-owned unit Urbaser Environment has won the bid for a EUR220-million (USD248.4 million) garbage incineration power plant operation project from France's Syctom.

The parent announced this deal in a statement yesterday.

The operation will last eight years and three months, per the statement. Nantong, Jiangsu province-based China Tianying's competitive edge in the domestic and overseas environmental protection industry will be further honed if Urbaser signs and successfully performs the contract.

China Tianying acquired a 100 percent stake in global environmental protection giant Urbaser for CNY8.9 billion (USD1.3 billion) in July last year in the largest overseas acquisition ever in China's environmental protection sector.

Based in Madrid, Spain, Urbaser focuses on urban solid waste treatment, a field in which it ranks sixth in the world. Its business is distributed throughout more than 20 countries in Europe, North and South America, Asia and Africa. 

The firm's revenue in Spain contributes more than 58 percent to its total, and it is also quite stable in Argentina, Chile and France.

Formed in 1984, Syctom, which is an acronym in French for 'central mixed garbage treatment syndicate,' treats and recovers household and similar waste for 81 French communes.

It is one of the major inter-communal structures that ensure the technical operation of the Île-de-France area, of which Paris, where it is based, is a part, including drinking water, energy, electricity and electrical networks, communication, sanitation and flood management of the River Seine.

Editor: Ben Armour