Qingdao Smart Low-Carbon District Energy (ADB-48003-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Qingdao City
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 4, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the People's Republic of China, Qingdao Municipal Development & Reform Commission
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.60 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 19, 2017

Disclosed by Bank Mar 15, 2017


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Project Description
According to ADB website, the proposed Qingdao Smart Low-Carbon District Energy Project will demonstrate one of the first coal-free district energy (heating and cooling) systems in the People's Republic of China's (PRC). Instead of coal, the project will use a mix of cleaner and renewable heat sources such as natural gas, waste heat recovery, and solar thermal. It will also demonstrate highly energy efficient low temperature district energy networks with computerized demand-side load management system in Lilun District in Qingdao City. The cleaner source of heat combined with highly energy efficient district energy system will reduce emission of greenhouse gases and other air pollutants in Qingdao City.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Oi, Teruhisa East Asia Department No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main