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CHUEE Holds First Training Session with Industrial Bank

Fuzhou, November 6, 2006 - CHUEE has wrapped up its first training event with Industrial Bank, its initial partner bank. The event saw around 80 Industrial Bank product managers, credit officers and loan officers from its branches across China receive their first training session on energy efficiency technology and financing. Investment Officers from IFC highlighted the procedures of energy efficiency loans and the mechanisms of working with the CHUEE program. CHUEE technical experts provided detailed advice to Industrial Bank staff, who were keen to learn how to identify and judge good energy efficiency projects. At the end of the three-day event, Industrial Bank committed to generating at least 5 CHUEE deals by the end of 2007. IFC will provide further trainings to IB in 2007.