Aqualyng Cangzhou Seawater Desalination Project (MIGA-11824)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Hebei Province of China by Cangzhou Bohai Development Zone
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Aug 20, 2015
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Aqualyng Holding AS
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 10.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2015-08-20 exchange rate.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Jul 27, 2017

Disclosed by Bank Jun 26, 2015


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Project Description
The Multilateral Investment Guarantee Agency is providing financing to construct a seawater desalination plant intended to provide 50,000 cubic meters/ day of water to the Cagzhou Bohai Development Zone. The plant will be constructed by Aqualyng New Water Resources Company, and will have a total area of approximately 45,000 square meters and include: a main process building (including control room, dosing, filtration, pump, and distribution warehouse, etc.); clean water tank; clarification tank; and auxiliary facilities. The project was expected to begin construction in September 2015 and is expected to finish by September 2017. The project will obtain water from the Bahai Bay.
Investment Description
  • Multilateral Investment Guarantee Agency (MIGA)
Norway is the investor country.
Contact Information
*no contacts available* ACCOUNTABILITY MECHANISM OF MIGA The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/