Beijing Gas Tianjin Nangang LNG Emergency Reserve Project (NDB-beijinggastianjinnang)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Beijing-Tianjin-Hebei region
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
  • New Development Bank (NDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
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
Mar 9, 2021
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
Beijing Gas Group Co. Ltd
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • 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)
$ 518.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 436 million (equivalent to RMB 3.4 billion)
Converted using 2021-03-09 exchange rate.
Loan Amount (USD)
$ 518.71 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 436 million (equivalent to RMB 3.4 billion)
Converted using 2021-03-09 exchange rate.
Project Cost (USD)
$ 2.12 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported RMB 13.8 billion
Converted using 2021-03-09 exchange rate.
Primary Source

Original disclosure @ NDB website

Updated in EWS Mar 25, 2021

Disclosed by Bank Aug 19, 2020


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Project Description

According to the bank document, the project aims to "increase natural gas emergency supply capacity, reduce reliance on coal and ultimately support low-carbon and sustainable development of the local economy. The Project consists of the following parts:

(1) Part 1: construction of LNG receiving, storage and regasification facilities.
Constructing an LNG terminal consisting of:

(i) an LNG receiving facility with an annual handling capacity of five million tonnes of LNG;

(ii) 10 LNG storage tanks with a volume of no less than 200,000 cubic meters each; and

(iii) a regasification facility with a maximum daily operating capacity of 60 million cubic meters of natural gas.

(2) Part 2: construction of unloading wharf".

Investment Description

"The total cost of the Project is estimated at RMB 13.8 billion. NDB will finance EUR 436 million (equivalent to RMB 3.4 billion) or 24.68% of the total cost. Asian Infrastructure Investment Bank will finance USD 500 million (equivalent to RMB 3.3 billion) or 23.78% of the total cost. The remaining balance will be financed by counterpart funds from the People’s Government of Beijing Municipality and Beijing Gas Group Co. Ltd."

Source of Funding:

New Development Bank:    EUR 436 million

Asian Infrastructure Investment Bank:  USD 500 million

People’s Government of Beijing Municipality and Beijing Gas Group Co. Ltd.:     RMB 7.12 billion

Private Actors Description

The Project will be implemented over five years. Beijing Gas Group Co. Ltd. will be the Implementing Agency. Procurement will be conducted in compliance with the national law and regulations, and will meet the core principles of NDB’s Procurement Policy.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Beijing Enterprises Parent Company -
- - - - Beijing Gas Group Co Ltd Client -

Contact Information

1/ NDB Contact

Project Team Leader: Mr. Yao, Jianshi

Email: yao.jianshi@ndb.int

2/ Borrower Contact

Name: Ms. Ding, Yue

Email: dingyue@mof.gov.cn

3/ Implementation Agency

Name: Mr. Xing, Haitao

Email: xinghaitao@bjgas.com

ACCESS TO INFORMATION

You can submit an information request for project information through a form at the bottom of the following webpage https://www.ndb.int/about-us/contact-us Alternatively, you can send an e-mail to info@ndb.int

ACCOUNTABILITY MECHANISM OF NEW DEVELOPMENT BANK

The New Development Bank (NDB) does not currently have an independent accountability mechanism to accept complaints related to NDB-financed projects. The Bank does have a whistleblower mechanism that receives complaints about misconduct related to corruption, fraudulent practices and instances of money laundering in projects financed by the NDB and/or against the NDB staff members. To learn more about the whistleblower mechanism and how to file a complaint, access this webpage at: https://www.ndb.int/about-us/whistleblowing