Bac Ninh WTE (IFC-44198)

Countries
  • Vietnam
Geographic location where the impacts of the investment may be experienced.
Specific Location
Cuu Yen village, Ngu Thai commune, Thuan Thanh district of Bac Ninh 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
Active
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
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."
Borrower
T AND J GREEN ENERGY COMPANY LIMITED
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Construction
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 15.00 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)
$ 74.00 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 May 11, 2022

Disclosed by Bank Sep 27, 2021

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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 bank's website, "IFC is considering extending an A loan and a blended finance loan to support a greenfield 11.6MW waste-to-energy (“WTE”) project located in the Thuan Thanh district of Bac Ninh province of Vietnam (the “Project”). The project will be developed, constructed, and operated by T&J Green Energy Company Limited (“T&J” or the “Company”), a joint venture company of Thuan Thanh Environment Joint Stock Company from Vetnam (“TT”) and JFE Engineering Corporation (“JFEE”) of Japan. The project is expected to have a waste treatment capacity of 500 tons per day (“tpd”), of which 350 tpd will be municipal solid waste (“MSW”) from three districts of Bac Ninh province and 150 tpd will be non-hazardous industrial solid waste (“ISW”) from nearby factories".

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

According to bank's website, the project costs has total amount of 74 million USD. "The total IFC financing package is expected to be up to US$30 million, of which up to US$15 million will be from IFC’s own account and up to US$15 million will be from IFC in its capacity as implementing entity of the Finland Blended Finance Climate Program".

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - T AND J GREEN ENERGY COMPANY LIMITED Client -
JFE Engineering Corporation Parent Company - owns T AND J GREEN ENERGY COMPANY LIMITED Client -
T AND J GREEN ENERGY COMPANY LIMITED Client - contracts with JFE Engineering Corporation Parent Company -
Thuan Thanh Environment Joint Stock Company Parent Company - owns T AND J GREEN ENERGY COMPANY LIMITED 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.

T&J Green Energy Company Limited
Mai Hoai Nam, Chief Accountant

nam.mai@tjgreenenergy.com
Cuu Yen Village, Ngu Thai Commune, Thuan Thanh District, Bac Ninh Province, Vietnam

 

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ACCOUNTABILITY MECHANISM OF IFC/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

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