Canvest WTE

completed

Canvest Environmental Protection Group Company Limited (“Canvest” or “the company”) is a pure-play Waste-to-Energy (“WtE”) provider focused on the development, management and operation of WtE plants. The company’s business traced back to 2003 and the company was listed on the Hong Kong stock exchange in 2014.Canvest’s WtE business operations include both build-own-operate (“BOO”) projects and build-own-transfer (“BOT”) projects and is focused on operating large individual project size at above 1,000 tpd. Canvest has the experience of constructing greenfield projects as well as a track record of upgrading brownfield WtE plants operating on Coal Fluidized Bed (“CFB”) Technology to the Moving Grate Technology in order to meet more stringent emissions standards.The proposed IFC investment of up to HK$465,012,000, which is approximately equivalent to US$60 million Convertible Loan will support the company’s WtE business growth in China in the next two years. The company’s growth strategy entails a two-prong approach of acquiring brownfield projects for upgrade and expansion, and by securing greenfield projects.