Early Warning System

Regions

South Asia

Geographic location where the impacts of the investment may be experienced.

Countries

Bangladesh

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

New Development Bank (NDB)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

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

Jun 27, 2025

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.

Borrower

WtE Power Plant North Dhaka Private Limited (China Machinery Engineering Corporation)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 100.00 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.

Loan Amount (USD)

$ 100.00 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)

$ 457.00 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.

Bank Documents

Project Summary

Other Related Projects

Primary Source

Original disclosure @ NDB website

Updated in EWS Jul 21, 2025

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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 NDB, the Project comprises: (i) construction of a 3,000-ton/day waste incineration plant, equipped with a 4*750-tons/day incineration line and 2 sets of 35 MW turbo-generator systems; (ii) construction of a 6-km transmission line from the site to the state-owned substation.

The objective of the Project is to: (i) alleviate environmental pollution in Bangladesh resulting from increasing waste and limited space of existing waste landfill facilities; (ii) contribute towards Bangladesh’s long-term master plan for power sector, which aims to generate 10% of electricity from renewable energy by 2041.

The Project will be implemented by the Borrower, in accordance with laws and regulations in Bangladesh. The WtE power plant will be built by CMEC as the EPC contractor. The Project will utilize incinerators produced by Shanghai SUS Environment Co., Ltd, and waste heat boilers produced by Wuxi Huaguang Environment & Energy Group Co., Ltd. Construction commenced in 2024, and the plant shall reach commercial operation by July 7, 2026.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the NDB, potential adverse E&S impacts and risks include economic displacement, loss of livelihoods, and community health and safety risks due to waste incineration, which may include toxic compounds. Proximity to the existing landfill site increases the risk of soil and groundwater contamination. The Project’s E&S impacts and risks will be mitigated by following country system requirements and effective implementation of Environmental and Social Management Plan (“ESMP”), Environmental and Social Monitoring Plan (“ESMoP”) and Environmental and Social Corrective Action Plan (“ESCAP”). The Project, upon fulfilling all those requirements, will be in material compliance with NDB ESF.

Investment Description

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

New Development Bank (NDB)

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 stated by Bloomberg, China Machinery Engineering Corporation contracts international engineering projects. The Company constructs thermal power plants, hydro power plants, power station projects and communication projects. Furthermore, the Company also offers import and export services in electric meters, electro-optic light and castings products.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	China Machinery Engineering Corporation - CMEC	Client	Infrastructure

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.

NDB Team Leader:

Dmitry Kulesho - Private Sector and Non-Sovereign Guaranteed Transactions

No contacts provided at the time of disclosure.

Client - WtE Power Plant North Dhaka Private Limited:

Wang Pu - Investment Department, CMEC
Email: wangpu@cmec.com

ACCESS TO INFORMATION

You can submit an information request for project information though a form at the bottom of the following webpoage https://www.ndb.int/about-us/contact-us/. Alternatively, you can send an e-mail to info@ndb.int.

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing/.