NIJHUIS WATER TECHNOLOGY BV
Status: Completed investmentWhy disclosure?
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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
Nijhuis Water Technology
What is our 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 do we fund this investment?
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.
What is the Environmental and Social categorization 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 |
|---|---|
| 8/9/2019 | EUR 0.40 MLN |
- Country
- Netherlands
- Sector
- Agribusiness, Food & Water
- Effective date
- 1/3/2018
- End date
- 8/16/2019
- Total FMO financing
- EUR 0.10 MLN
- Funding
- Development Accelera