Project detail - NIJHUIS WATER TECHNOLOGY BV

NIJHUIS WATER TECHNOLOGY BV

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Who is our client

Nijhuis Water Technology

Funding objective

FMO grants EUR 100K to develop wastewater treatment plants for the textile industry in Bangladesh. The project will identify viable and semi-viable industrial WWTP solutions in a programmatic approach. An amendment signed in December 2018 added another EUR 14k to cover a more in-depth market scan and stakeholder analysis.

Why we fund this project

We fund this project to reduce pollutants per cubic meter of water (specification to be determined). By reducing discharge of pollutants, the volume of wastewater treated for reuse (m3) and water quality will be improved.

Environmental and social rationale

With our development capital and our involvement we ensure a sound environmental and social risk management in view of the construction and operation of the treatment plants. The E&S category for this project is: B+ (medium risk). Applicable IFC PS: 1 (assessment and management), 2 (labor conditions), 3 (pollution and resource management) and possibly 4 (community health & safety). IFC PS 5 (land acquisition and resettlement), 6 (biodiversity), 7 (indigenous peoples) and 8 (cultural heritage) are not expected to be triggered as projects are implemented on existing company sites / industrial zones. All of this will be further assessed during the project development stage.

More investments

Date Total FMO financing
11/13/2018 EUR 0.40 MLN
Country
Netherlands, the
Sector
Agribusiness, Food & Water
Signing date
1/3/2018
Total FMO financing
EUR 0.10 MLN
Fund
Development Accelera
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)