Qingdao Smart Low-Carbon District Energy Project (ADB-48003-002)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Qingdao, Shandong Province
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
Active
Bank Risk Rating
B
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
Dec 9, 2015
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 People's Republic of China
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)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 130.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Aug 11, 2017

Disclosed by Bank Sep 29, 2016


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Project Description
The project will develop and demonstrate a low-carbon, energy-efficient district heating, cooling, and power production and distribution system in eight locations in Qingdao city. Instead of coal, the system will use natural gas, solar thermal, shallow-ground geothermal, and waste heat recovered from industrial plants as its energy sources. The project will also demonstrate a low-temperature district energy distribution network and combine it with a smart energy management system. The project system is expected to lower energy intensity by 40% and carbon intensity by 64% from the averages achieved by comparable standard systems now in use in the northern People's Republic of China (PRC).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Qingdao Municipal Government DONG.HAI@TOM.COM c/o Qingdao Mun.Devt.& Reform Commission No. 11 Xiang Gang Zhong Road, Qingdao People's Republic of China 266071 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