IFC lends US$60 million to Chinese gas operator

“We are honored to have won the trust and long-term support of IFC and IFC GIF. Their equity investment together with IFC’s loan will give us ample capital to grow our existing business, develop new business, and improve our debt structure. We will leverage this opportunity to tap IFC’s global experience and integrate learnings into our day-to-day operations, and to strengthen various aspects of our corporate governance. Under our mission of ‘Promoting Clean Energy, Improving the Living Condition’ and our ‘Customer First’ philosophy, Tian Lun Gas will remain focused on its development of natural gas, to become a renowned domestic energy distribution company in China.”

"We are delighted to build on our relationship with Tian Lun Gas through this additional financing, which reflects IFC's focus on removing infrastructure constraints and improving access to cleaner energy in cities across China."

“Tian Lun Gas is the IFC Global Infrastructure Fund’s first investment in Asia. So far, we have been impressed with the Company’s execution of its growth strategy and look forward to continuing our partnership as it rolls out new business initiatives.”