Aqualyng stays the course in China
- From: Vol 11, Issue 7 (July 2010)
- Category: General
- Region: Asia
- Country: China
- Related Companies: Aqualyng, Befesa and Beijing Enterprises Water Group
As financial close nears on the Caofeidian project, Kathy Liu looks at how project finance for desalination projects is gaining a foothold in China.
Norwegian desalter Aqualyng is on course to close the long-awaited financing deal for the Caofeidian desalination plant by mid-August, according to CEO Brynjulf Lomsdalen. In partnership with Beijing Enterprises Water Group (BEWG), the company is developing a 50,000m3/d SWRO plant in the Tangshan Caofeidian Industrial Development Zone on a 30-year BOT basis.
The project company will borrow RMB294 ...
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