BEIJING ENTERPRISES WATER GROUP LTD
Who is our client
FMO participates in an IFC arranged syndicated term facility for Beijing Enterprises Water Group LTD (BEWG), one of China's largest water companies with over 300 water treatment plants.
The facility will be used to finance the construction of eight wastewater treatment plants and four water distribution facilities in China.
Why we fund this project
The transaction fits well with FMOs strategy to stimulate a greener economy and foster inclusion of the poor. About 50 percent of the investment relates to wastewater treatment and the other 50 percent will be invested in water distribution facilities which will provide first-time access to high quality (potable) water in areas with a high concentration of low-income households (under USD 8 per day). Clean water will also indirectly contribute to Chinese economic development by increasing food safety and health standards.
- Website client
- Agribusiness, Food & Water
- Signing date
- Total FMO financing
- USD 15.00 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)