NCWI Chinese landfill gas-to-energy portfolio

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The project involves the construction, acquisition and upgrade of landfill gas-to-energy (LFGE) projects located in 10 provinces in China. The plants will generate electricity through collecting and utilizing landfill gas, a natural by-product of the decomposition of organic material in landfills, 40%-60% composed of methane. The portfolio includes over 20 LFGE projects across Hunan, Hubei, Guangxi, Liaoning, Shaanxi, Jiangxi, Fujian, Gansu, Guangdong and Shanxi. The project company - New China Water (Nanjing) Renewable Resources Investment Co., Ltd., is majority-owned by Hong Kong-listed water operator China Water Industry Group. The total project cost is estimated at $72.6 million, which will be financed with a $50.46 million (RMB320 million) green loan from the IFC and the remainder is to be funded by a combination of internal cash flows and newly injected sponsor equity. Financial close was achieved on 20 May, 2022. https://disclosures.ifc.org/project-detail/SII/43518/new-cwi-landfill-gas https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0929/2022092900003.pdf