China Everbright gets ADB funding

China Everbright International Ltd, a waste treatment project developer, got a $200 million-loan from the Asian Development Bank (ADB) yesterday to fund its waste-to-energy plants in the country.

The company will use the money to build power plants in second-tier cities across the Yangtze River Delta, Pearl River Delta and the Bohai Rim Region, Philip Fan, general manager of China Everbright International told a press conference yesterday.

The loans will have a maturity of up to 10 years. It is ADB's first loan to finance private-sector municipal solid waste management project, the bank said in a statement.