Summary of Proposed Investment
Project Number
28233
Company Name
JK PAPER LIMITED
Date SPI Disclosed
May 6, 2009
Country
India
Industry
Agribusiness and Forestry
Projected Board Date
Jun 8, 2009
Status
Completed
Sector
Paper for Printing and Writing
Department
Gbl Ind, Manufact, Agribus & Services
Environmental Category
C - No Impact
Previous Events
Approved : Jul 23, 2007
Signed : Jun 15, 2009
Invested : Apr 27, 2010
Project Description
JK Paper has proposed a series of investments to increase energy efficiency and reduce water consumption at its two manufacturing facilities located in Orissa and Gujarat, India. Overall, project implementation is expected to reduce energy consumption by 5.1% and water consumption by 17.3%, annually. The recommended project encompasses optimization of electric drives and motors, steam and pumping systems, and cooling and lighting systems. Together, these “Cleaner Production” investments qualify for funding via IFC’s Board-approved Cleaner Production Lending Pilot facility, a $20 million facility that enables IFC to provide Cleaner Production sub-loans to its existing portfolio clients.
JK Paper is India's second largest producer of branded printing and writing paper with a total manufacturing capacity of 240,000 tons per annum and has been an IFC client since 2006.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Mr. V. Kumaraswamy
Chief Financial Officer
Phone : +91 11 23724337
Fax: +91 11 23712680
Nehru House, 4 Bahadur Shah Zafar Marg,
New Delhi 110002
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384E Mail: Webmaster