Qingdao Rural Waste-to-Energy and Clean Energy Supply in Rural and Suburban Areas Project (ADB-50089-002)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
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
Proposed
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.
Borrower
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)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 100.00 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)
$ 100.00 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 Nov 20, 2019

Disclosed by Bank Sep 28, 2018


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Project Description

According to the bank document, the project will develop:

(i) agricultural waste-to-energy systems in four locations in rural areas; and

(ii) low-carbon, low-pollution, and energy-efficient heating, cooling, and power production systems in seven locations in rural and semi-urban areas in Qingdao City.

The agricultural waste-to-energy systems will use carbon-neutral biomethane for power generation and biomass briquettes as heating fuel. The low-carbon heating, cooling, and power production systems in rural and suburban areas, on the other hand, will use cleaner fuel sources, such as natural gas, and waste heat recovered from wastewater at municipal sewage plants, instead of coal.

As a result, energy intensity is expected to reduce by 40%, and carbon intensity by 64%, from the averages achieved by comparable standard systems now in use in the northern PRC (The project is expected to achieve average energy intensity of 0.35 gigajoules per square meter (m2), compared with the present average of 0.56 gigajoules per m2 in the PRC, and to produce carbon emissions of 20 kilograms per m2, compared with 70 kilograms per m2 from coal-based systems.).

The project will also promote high-quality equipment and system design by organizing technology exchange sessions with providers of advanced technology solutions.

 

Investment Description
  • Asian Development Bank (ADB)

Loan: Qingdao Rural Waste-to-Energy and Clean Energy Supply in Rural and Suburban Areas Project

Ordinary capital resources       US$ 100.00 million

Contact Information

Responsible ADB Division         EASI

Executing Agencies

Qingdao Municipal Government
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