China Three Gorges South Asia Investment secures first green loan of USD297 million from DBS Hong Kong | 繁體

Hong Kong, 27 Apr 2023 - DBS Bank Ltd., Hong Kong Branch (“DBS Hong Kong”) has committed to a one-year USD297 million green loan to help China Three Gorges South Asia Investment Limited (“C-SAIL”) to refinance its overseas renewable energy projects. This is the first-ever green loan for C-SAIL via its special purpose vehicle C-SAIL Renewable Energy Investment Ltd, marking a milestone for reinforcing its commitment to sustainability.

The loan is refinancing the bridge loans for C-SAIL’s acquisition of Alcazar Energy Partners (AEP), an independent developer and producer of renewable energy with a portfolio of solar and wind projects of a total capacity of 411MW located in Jordan and Egypt.

Mr. Wallace Lam, Managing Director and Head of Institutional Banking Group of DBS Hong Kong, said, “We are thrilled to complete this deal as the sole lending bank for C-SAIL with high efficiency and flexibility as it progresses on its sustainability journey. As a purpose-driven bank that is keen on supporting responsible financing practices for a low-carbon economy, DBS remains committed to generating long-term value for our clients.”

Mr. Wang Minsheng, DCEO of C-SAIL, “This landmark transaction is a significant first for C-SAIL which will help fuel the growing demand for wind and solar power in Jordan and Egypt. As a group with a mission to promote sustainable development for all sectors in which we operate, this smooth collaboration with DBS Hong Kong recognises our mutual contribution to accelerate the energy transition in the MENA region.”

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About DBS 

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.