Overview

Bank of China provides a €67 million EUR loan to Dalkia International for unspecified purposes

Commitments (Constant USD, 2023)$93,301,240

Commitment Year•2012Country of Activity•FranceDirect Recipient Country of Incorporation•FranceSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2012

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Bank of China (BOC)

Receiving agencies

Private Sector

Dalkia International S.A.

Loan description

Bank of China provides a €67 million EUR loan to Dalkia International for unspecified purposes

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2012, the Bank of China (BOC) issued a €67.0 million EUR bilateral loan to Dalkia International S.A. — a French energy management company owned by Dalkia S.A.S., then majority-owned by French waste and water management company Veolia Environnement S.A. (75.80% equity stake) and by French state-owned utility Électricité de France S.A. (EDF) (24.14% equity stake) — for unspecified purposes.

Staff comments

1. Dalkia International at the time of the loan was implementing some projects in China; it is possible this BOC loan was supporting them. However, AidData saw no explicit information stating as such. This issue merits further investigation. 2. Veolia owned 66% of Dalkia S.A.S. in 2012, with EDF owning the remaining 33% stake.