JK Paper CPLP

completed

_x000C_JK Paper has proposed a series of investments to increase energy efficiency and reduce water consumption at its two manufacturing facilities located in Orissa and Gujarat, India. Overall, project implementation is expected to reduce energy consumption by 5.1% and water consumption by 17.3%, annually. The recommended project encompasses optimization of electric drives and motors, steam and pumping systems, and cooling and lighting systems. Together, these “Cleaner Production” investments qualify for funding via IFC’s Board-approved Cleaner Production Lending Pilot facility, a $20 million facility that enables IFC to provide Cleaner Production sub-loans to its existing portfolio clients. JK Paper is India's second largest producer of branded printing and writing paper with a total manufacturing capacity of 240,000 tons per annum and has been an IFC client since 2006.