30502 - United Water

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Summary of Proposed Investment

Project Number

30502

Company Name

UNITED WATER CORPORATION

Date SPI Disclosed

May 13, 2011

Country

China

Industry

Infrastructure

Projected Board Date

Jun 13, 2011

Status

Completed

Sector

Water and Wastewater Utilities

Department

Regional Industry - INF Asia & Pac

Environmental Category

B - Limited

Previous Events

Approved : May 31, 2012
Signed : Jun 21, 2012
Invested : Nov 21, 2012

Project Description

United Water Corporation (“the Company” or “United Water”) is a holding company registered in the Cayman Islands that has invested in five water utilities and waste water treatment plants in China. The plants include United Water (Suqian) Co. Ltd. in Jiangsu Province, United Water (Xianning) Co. Ltd. and United Yulong Water (Suizhou) Co. Ltd. in Hubei Province, Tongxiang Sanho Water Co. Ltd. in Zhejiang Province and Tuo Ke Tuo United Water Co. Ltd. in Inner Mongolia. The total contracted capacity of the plants is about 640,000 metric tons per day serving a total population of about 1.3 million residential users with potable water and 236 industrial clients with industrial wastewater treatment services in two industrial parks. The Company has an investment plan of about US$35 million in 2011-2012 to enable four water and waste water treatment plants to continue their expansion as well as to upgrade Tuo Ke Tuo United Water Co. Ltd. to meet existing regulatory requirements. The total contracted capacity of the plant expansions is estimated to be about 180,000 metric tons per day at the end of 2012. It is noted that the investment plan in 2011-2012 is part of an ongoing plan beyond 2012 to continue the expansion of certain plants and the pipeline network to meet expected increasing demands.

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan	16.0
Equity	4.0

Development Impact

The transaction would have high development impact through IFC support of a growing private player in the following aspects: i) The expansion of water supply and waste water treatment plants owned or operated by United Water in both municipal and industrial water sector will help to address the problem of water scarcity and lack of waste water treatment capacity in certain cities that are facing the challenges of urbanization. ii) The upgrading of Tuo Ke Tuo United Water Co. Ltd. in Inner Mongolia will enable the plant to treat industrial waste water to meet existing regulatory requirements.

This is a Category B project according to IFC’s Procedure for Environmental and Social Review of Projects because it may create a limited number of specific environmental and social impacts that can be avoided or mitigated by adhering to generally recognized performance standards, guidelines, or design criteria. Key environmental, health and safety, human resources and social issues that were reviewed included the following: environmental and social management system; quality and sustainability of water resources; emissions to the environment – air, water and subsurface; solid, and hazardous waste and materials management, including transportation; life and fire safety; community and occupational health and safety; energy use and efficiency; community engagement; cultural heritage and land acquisition. Water treatment, transmission and distribution services provided by United Water help in improving access to safe drinking water; and wastewater treatment services provided enhances environmental protection and public health through treatment before discharge.

Contacts

For Inquiries About the Project, Contact

For more information, see the company’s website: http://www.united-water.com, or contact: Mrs. Lisa Yang Room 1711, Tower B, City Center of Shanghai, 100 Zun Yi Road, Shang Hai, 200051 Peoples Republic of China Tel: +86 21 5208 1230

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

Local Access of Project Documentation

A Chinese-language copy of the Environmental and Social Review Summary (ESRS) and associated Environmental and Social Action Plan (ESAP) will be made available at the corporate offices as well as the main entrance of the facilities listed below. An announcement informing the public of its availability for review and comment will also be placed in a local newspaper. Locations of Facilities: United Water (Suqian) Co. Ltd., Suqian, Jiangsu Province United Water (Xianning) Co. Ltd., Xianning, Hubei Province United Yulong Water (Suizhou) Co. Ltd., Suizhou, Hubei Province Tongxiang Sanho Water Co. Ltd., Tongxiang, Zhejiang Province Tuo Ke Tuo United Water Co. Ltd., Tuoxian, Inner Mongolia

This Summary of Proposed Investment is prepared and distributed to the public in advance of the IFC Board of Directors' consideration of the proposed transaction. It is not an offer of shares to the public and is intended solely to enhance the transparency of IFC’s activities. This document should not be construed as presuming the outcome of the Board decision. Board dates are estimates only. The following SPI is disclosed in accordance with IFC’s Policy on Disclosure of Information that went into effect April 30, 2006.

The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.

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