Air Quality Improvement in the Greater Beijing-Tianjin-Hebei--Shandong Clean Heating and Cooling Pro (ADB-51418-001)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
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
A
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 13, 2018
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
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)
Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 399.91 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)
$ 399.91 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)
$ 710.76 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 May 14, 2019

Disclosed by Bank Oct 1, 2018


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Project Description

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.

Investment Description
  • Asian Development Bank (ADB)

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

 

 

Contact Information

Executing Agencies

Guangdong Finance Trust Company Limited (GFTC)
14th Floor, No. 481, Dongfengzhong Road, Guangzhou., PRC 510045

Shandong Provincial Government
People's Republic of 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