Befesa’s breakthrough in Chinese desal finance
- From: Vol 10, Issue 8 (August 2009)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Agricultural Bank of China, Befesa, China Construction Bank, China Exim Bank and China Merchants Bank
The financing of the 100,000m3/d Qingdao desalination plant is an important milestone for the Chinese market. It has taken three and a half years to close.
Befesa has secured financing from four Chinese banks to construct the 100,000m3/d Qingdao desalination plant in Shandong Province, making it the first private desal facility in China where the debt was provided entirely by local banks.
A consortium of Agricultural Bank of China (45%), China Exim Bank (23%), China Construction Bank (16%) and China Merchants Bank (16%) put ...
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