ENN Energy

completed

ENN Energy Holdings Ltd (“ENN”), formerly known as Xinao Gas, is an existing IFC client and a leading gas distribution company in China. The E&S performance of the existing project was satisfactory and met requirements at the time of appraisal. ENN’s business includes city gas operations, a CNG filling station network, LNG plants, LNG transportation, and a LNG filling station network. The proposed project is to support ENN plans to build, own and operate a distribution network of 500 LNG vehicle fueling stations with an objective to make LNG available as a cleaner and cheaper vehicle fuel (compared with diesel) for long-haul buses and heavy trucks along key transportation routes across 18 provinces in China (the “Project”). Currently, approximately 140 LNG filling stations have been constructed or are under construction. Another 360 LNG filling stations will be built by the end of 2015.