Project detail - BEIJING ENTERPRISES WATER GROUP LTD

BEIJING ENTERPRISES WATER GROUP LTD

Status: Completed investment
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In case of questions

In case of questions, please contact us at disclosure@fmo.nl

Disclaimer

The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.

Who is our customer

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.

What is our funding objective?

The facility will be used to finance the construction of eight wastewater treatment plants and four water distribution facilities in China.

Why do we fund this investment?

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 customer/investment
http://www.bewg.com.hk/eng/global/contact.htm
Region
Asia
Country
China
Sector
Agribusiness, Food & Water
Effective date
12/18/2015
End date
2/8/2017
Total FMO financing
USD 15.00 MLN
Funding
FMO NV
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)
B+