📋 Tender Overview
Project Number: 49309
Company Name: Zhengzhou Wote Energy-efficiency Technology Co., Ltd
Date SPI Disclosed: May 21, 2024
Country: China
Region: East Asia and the Pacific
Projected Board Date: Jun 21, 2024
Environmental Category: B
Status: Pending Approval
Department: Regional Industry - INF Asia & Pac
Project Description
Zhengzhou Wote Energy-efficiency Technology Co., Ltd (Wote or the Company) is a private sector enterprise in China, focusing on providing energy efficiency and waste treatment solutions to the steel sector.
The proposed IFC investment is to provide Wote an RMB-denominated loan of up to US$60 million for (1) financing the acquisition of an operational 70MW Baigong Phase 1 waste heat to electricity (WHE) project; and (2) construction of an 80 MW Baigong Phase 2 WHE project in Qinhuangdao, Hebei province, a frontier region in China (the Project).
Total Project Cost and amount and nature of IFC's Investment: Total project cost is approximately US$80 million. On a consolidated basis, the IFC A Loan of up to US$60 million accounts for 75% of the project cost with the rest 25% funded by the Company, together with a minority shareholder.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
