Feasibility Assessment of a Large-Scale Carbon Capture and Storage Demonstration Project and Develop (ADB-48453-009)

Countries
  • China
Where the impacts of the investment may be experienced.
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
Proposed
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.
Borrower
People's Republic of China
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Industry and Trade
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)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 26, 2019

Disclosed by Bank Mar 21, 2019


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Project Description

According to the bank document, the TA will engage widely respected experts in the field of CO2 capture, CO2-transport, CO2-EOR, CO2 sequestration, finance, economics, as well as social and environmental safeguards. ADB will be responsible for the selection and supervision of consultants engaged under the TA.

To facilitate TA management, four individual consultants will be hired using individual consultant selection (ICS) method. ADB will engage the consultants in accordance with ADB Procurement Policy (2017, as amended from time to time) and the associated project administration and TA staff instructions.

In addition to the ADB project manager, one additional project manager will be hired for MEE DCC to:

(i) facilitate TA management;

(ii) track and promote the implementation of the TA;

(iii) coordinate the work of TA international and national consultants;

(iv) facilitate the exchange of information, dialogue, and discussions between executing agency, implementing agency, consultants, and stakeholders; and

(v) assist the day-to-day management of the TA. The project manager will be supported by two national project coordinators.

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Executing Agencies

Ministry of Ecology and Environment former "Ministry of Environmental Protection"
115 Xizhimen Nanxiaojie, Beijing

National Development and Reform Commission
No. 38 South Yuetan St.
Beijing 100824
China

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