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Hong Kong : BEWG and ADB sign for US$4 million loan contract.

A US$240 million loan contract has been inked between Beijing Enterprises Water Group (BEWG) and Asian Development Bank (ADB) to offer superior wastewater treatment plants to meet up recycle water quality for industry cooling and urban ecosystem functions.

Before sanctioning the loan the bank investigated and confirmed the companya s business model ecological success and functional capability.

Moreover, the bank will also give technical aid amounting US$500,000 to perk up the energy capability of wastewater treatment plants. The technical support will boost the wastewater recycle and release fresh water in cities.

Beijing Enterprises Water Group Limited ("BEWG"), a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 0371), is a large-scale group which has its own competitive advantage in water supply industry in mainland China. BEWG has strategically positioned itself as a "leading integrated water system solution provider". Leveraged on its market-oriented approach, solid capital foundation, advanced technology and sound management, the Group focuses on its core businesses on water supply and sewage treatment business as well as environmental protection business.

With its first-tier expertise in project design, environmental protection facilities, and engineering consulting service, as well as the multiple advantages in core technology, technology research and development, strategic alliances, project management and financing channels, BEWG has successfully undertaken certain acquisitions by means of equity interest acquisition, TOT, BOT, entrusted management etc. so as to expand its national market. Currently, BEWG has owned and operated over 90 water supply plants and water sewage treatment plants in Beijing, Guangdong, Zhejiang, Shandong, Anhui, Hunan, Sichuan, Guangxi, Hainan, Guizhou and Yunnan provinces and northern east region with actual water treatment capacity over 10,000,000 tons per day. This represents the Group has started to persue its expansion strategy toward the national market.

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Publication:Mena Report
Date:Nov 22, 2013
Words:313
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