BE C&I SOLUTIONS HOLDING PTE. LTD.
Status: Approved 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
BE C&I Solutions Holdings Limited (earlier known as Berkeley Energy Commercial & Industrial Company) is a distributed energy business that develops, builds, and operates within-the-fence renewable energy and energy efficiency solutions for commercial and industrial (“C&I”) customers in emerging markets under long term offtake agreements. The company is an existing investee of FMO and is currently active across South and South-East Asia and aims to become a leading energy-as-a-service business in the growing C&I clean energy market in Asia and potentially other emerging markets.
What is our funding objective?
The funding objective is to build in-house HAZOP (Hazard and Operability)/HAZID (Hazard Identification) capacity of the BECIS staff specifically focusing on their growing bio-energy portfolio in South-East Asia.
Why do we fund this investment?
The study as well as the training will enable BECIS to carry out HAZOP/HAZID assessments and implement mitigation measures where necessary inhouse for both current operational plants and more importantly for the new pipeline projects. This will contribute to SDG 13, climate action, by assisting the client to safely and effectively operate their biomass plants.
More investments
| Date | Total FMO financing |
|---|---|
| 4/5/2023 | USD 28.20 MLN |
| 5/23/2019 | USD 50.00 MLN |
- Region
- Asia
- Country
- Asia
- Sector
- Energy
- Publication date
- 6/28/2023
- Effective date
- 5/30/2023
- Total FMO financing
- EUR 0.02 MLN
- Funding
- FMO NV
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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+