MFF: Guangdong Energy Efficiency and Environment Improvement Investment Program - Tranche 1

The financial intermediary loan modality was adopted, and the loan proceeds were relent to support implementation of more energy saving and emission reduction projects. Separate evaluations of technical feasibility of the subprojects and the financial viability of the candidate subborrowers were conducted by the efficiency power plant project management office and Guangdong Finance Trust Company independently to ensure that the technical merits and financial status of each subproject were assessed.