reserves, page-56

I assume from your answer you don't actually know.

Put simply, the returns equity holders require exceed the returns debt providers require.

Typically an capital structure with some debt brings down the overall weighted average cost of capital which has the effect, amongst other things, of increasing the NPV of the project.

Some debt in the overall capital mix transfers some the the financial risk to parties requiring a lower overall return than equity holders.

As CDU is essentially a one project company it makes sense to me.

Could it be CDU were/are final using DFS and wanting to increase NPV, enter Minsheng?