BGE Green Bond (IFC-41819)

  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Puyang prefecture-level city, Henan province
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
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
May 25, 2019
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Beijing GeoEnviron Engineering and Technology, Inc.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 59.36 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 59.36 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 94.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 10, 2020

Disclosed by Bank Sep 11, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the project document, Beijing GeoEnviron Engineering & Technology, Inc. (“BGE” or the “Company”) is a technology-led enterprise specialized in environmental technology research and providing systematic solutions for pollution prevention & control. The company has expressed interest to issue its first green bond following the International Green Bond Principles (“I-GBP') of RMB410 million (equivalent of US$60 million approximately) to IFC through a non-public offering on the SHSE (the “Project”). The fund will be dedicated to a greenfield WtE project in Puyang, Henan Project, China (PuyangWtE).

The Puyang WtE project is located in a waste management industry park. The WtE incineration capacity is 1,000 ton/day with annual electricity generation capacity of 1.28×108 kWh for the first phase, in which 1.03×108 kWh will be sold to the grid. The project includes MSW receiving, storage, incineration, heat recovery/power generation, tail gas scrubbing, and leachate/wastewater treatment. The other waste management facilities in the industry park, besides the municipal landfill, include a medical waste management facility, a food waste management facility, and the site for a planned hazardous waste facility. BGE is not the owner or operator of the existing waste management facilities. The WtE project construction started in mid-2018 and is expected for operation by the end of 2019

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The total project cost is estimated at about RMB671.8 million, which is to be financed by a combination of Company’s internal cash generation and IFC’s tranche of the Green Bond.

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As of 31 December 2018, BGE’s largest shareholder was Chairman Mr. Weiguo Li (22.89%). Its second largest shareholder was Mr. Limin Xu (5.25%). The remaining share were widely held by other investors with less than 5% ownership each.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Beijing GeoEnviron Engineering & Technology Inc Client -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

1/ The Project Contact

Beijing GeoEnviron Engineering and Technology, Inc.
Xiujiao Wu
(86) 10 62490000
BGE Plaza, No.9 Zhong Guan Cun Environmental Technology Park, Dijin Road, Haidian District, Beijing, China

2/ The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ The Local access for Project documentation

Contact Person: Xu Chaojiang

Company Name: Beijing GeoEnviron Engineering & Technology, Inc

Address: BGE Plaza, No.9 Zhong Guan Cun Environmental Technology Park, Dijin Road, Haidian District, Beijing, China


Phone:  (86) 10 62490098

Facsimile: (86) 10 88233169


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 You can learn more about the CAO and how to file a complaint at

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