According to the bank document, the proposed project will implement three clean heating and cooling subprojects to accelerate air pollution abatement in Shandong Province. The heating and cooling projects proposed are innovative, as they will combine renewable energy technologies and waste heat recovered from industry and power plants to reduce the energy and carbon intensity of heat production and refrigeration, and thereby reduce air pollution and greenhouse gas emissions, as well as the heat island effect in urban areas. An overview of each subproject is provided below.
Subproject 1: West Jinan Waste Heat Utilization and Clean Energy Subproject. This subproject will provide heat to urban residents, industrial, and business customers.
Subproject 2: Shanghe Coal-Free Clean Heating Demonstration Subproject. This subproject covers the urban area of Shanghe County, the semi-urban area of 11 towns and 80,000 rural households where coal-fired stoves or coal-fired boilers are common for space heating.
Subproject 3: East Jinan Low-Emission Combined District Heating and Cooling Subproject. East Jinan is where the central business district located. A large amount of heating and cooling demands in this area requires a low-emission system supplying both heat and cooling.
Loan 3765-PRC: Air Quality Improvement in the Greater Beijing-Tianjin-Hebei for Shandong
Ordinary capital resources US$ 399.91 million
Counterpart (Government) US$ 310.85 million
TA 9682-PRC: Air Quality Improvement in the Greater Beijing Tianjin Hebei Shandong Clean Heating and Cooling Project
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 0.75 million
Guangdong Finance Trust Company Limited (GFTC)
14th Floor, No. 481, Dongfengzhong Road, Guangzhou., PRC 510045
Shandong Provincial Government
People's Republic of China
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