DEG provides $25m debt financing for Vietnam-based water treatment firm

DEG provides $25m debt financing for Vietnam-based water treatment firm

Photo from BIWASE's website.

DEG, the investment arm of German state-owned development bank KfW, has approved $25 million in debt financing to Vietnam-based water treatment and distribution company Binh Duong Water Environment (BIWASE).

The investment aims at supporting BIWASE in enhancing its water treatment capacity by 180,000 m³ per day, expanding the water transmission network and general capital expenditures and working capital, DEG said in a disclosure.

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