Canvest Environmental Protection Group Company Limited
CANVEST ENV: IFC Invests in Canvest to Boost Waste Management and Energy Businesses in China
[For Immediate Release] Ms. Loretta Lee, Chairlady of Canvest, said, “The convertible loan from IFC is a great endorsement and recognition of our high operational standards and performance. This strategic investment will add tremendous value to the development of our business and will greatly support our growth targets.” China’s rapid economic growth has improved living standards, increased population density, and elevated consumption levels, especially in urban areas. This, in turn, has contributed to sharp growth of municipal solid waste. However, waste management significantly lags behind waste generation. The waste management sector in China is a strategic priority for IFC due to its significant environmental impact and importance for sustainable urban development. Canvest is well-positioned to capture growth opportunities in the market and contribute to environmentally friendly development of China’s growing cities. “We believe WTE business can provide a much-needed waste treatment method besides being a source of renewable energy. This business has great potential to support China’s continued economic development in a sustainable manner,” said Hyun-Chan Cho, IFC’s Head of Infrastructure, Asia. “We are committed to work with clients with established implementation track records and operational capacities, to improve environment and support inclusive growth in China.” IFC is a leading investor in and lender to companies and projects in urban infrastructure, including environmental services and WTE projects, in emerging markets. IFC will assist Canvest to grow and develop its business to improve waste management and environmental standards, as well as generate renewable energy in China, including in the frontier regions. This financing will reinforce Canvest’s leading position in China’s WTE market and help Canvest grow its business in the region. About Canvest About IFC Media enquiries:
End of Press Release +++++ Document: http://n.eqs.com/c/fncls.ssp?u=GKUBIUNUEU Document title: IFC Invests in Canvest to Boost Waste Management and Energy Businesses in China Key word(s): Miscellaneous
21/01/2016 Dissemination of a Press Release, transmitted by EQS TodayIR – a company of EQS Group AG. |