J&V Energy’s (6869) active expansion and investments into diversified renewable energy resources such as photovoltaics, offshore wind power, energy storage and electricity sales are paying off, with projects and ventures reporting stellar results one after another. Since May, the company’s stock price has seen a slow but steady rise; bolstered by the two-day rally of the Taiwan stock market, the company’s stock price reached a high of NT$110 today (17), inching towards the limit-up price before closing at NT$109.5. It is often said that good things come in pairs; thanks to its proven track record, market-leading technology and expertise, J&V Energy’s majority-owned (70%) water treatment subsidiary company Weisheng Envirotech also recently announced it was selected as the most-favorable bid for the "Dihua Sewage Treatment Plant Commissioned Operation and Maintenance Phase VII and Equipment Renewal Project", with a total contract value of NT$3.6 billion and a maximum contract performance period of 9 years starting from July this year.
With the awarding of successive water treatment projects, Weisheng Envirotech is expected to continue its strong growth trajectory and contribute significant revenue to the parent company and bolster J&V Energy’s goal of achieving NT$10 billion in annual revenue in 2023.
In recent years, abnormal global climate events have not only resulted in increasingly frequent natural disasters, droughts and water scarcity have also occurred in almost every continent in the world. The uneven distribution of rainfall in Taiwan also often triggers water shortage crises. To promote sustainable development, J&V Energy has not only actively invested in the renewable energy sector, but also in the green cycle through its investment in Weisheng Envirotech to maximize the reuse of water resources.
According to J&V Energy President Chao Shu-Min, after J&V Energy became a majority shareholder of Weisheng Envirotech, industrial wastewater, reuse of domestic sewage, and seawater desalination treatment were identified as key scopes of development. Empowered by the professional technology and know-how of the Weisheng team, the project teams will be able to process seawater desalination and supply water for industry and domestic use. It is hoped that full utilization of water resources will serve to enhance the niche of Taiwan's industrial development, and help Taiwan achieve net-zero carbon emissions in the future.
Since Weisheng Envirotech became a subsidiary of J&V Energy in 2021, it has won a total of NT$6.5 billion in engineering projects, including the Taipei City Sewage Station Equipment Renewal Project, Taoyuan Airport West Sewage Treatment Plant and Pipeline Construction Project, Taoyuan Airport West Tap Water Storage and Booster Station Project, and Dihua Sewage Treatment Plant Commissioned Operation and Maintenance Phase VII and Equipment Renewal Project. This not only exemplifies a giant leap forward in the development of Weisheng’s water treatment capabilities, but also contributes a significant boost to the profitability of its parent company, J&V Energy.
▲Photo 1: Weisheng Envirotech, a subsidiary of J&V Energy, was recently awarded the tender for the Dihua Wastewater Treatment Plant Commissioned Operation and Maintenance Phase VII and Equipment Renewal Project, with a total contract value of NT$3.6 billion and a maximum contract performance period of nine years starting from July this year. The photo shows the exterior of the Dihua Sewage Treatment Plant.
▲Photo 2: With its proven track record, market-leading technology and expertise, Weisheng Envirotech has won a number of water treatment tenders and is expected to contribute significant revenue to its parent company, J&V Energy. The photo shows the internal equipment of the Dihua Sewage Treatment Plant.