According to the bank document, the project aims to reduce carbon emission and promote renewable energy development, through using roof-top solar photovoltaic power technology to generate electricity in Shanghai Lingang Industrial Area (SLIA). The project aims to reduce 73,000 tons of carbon emission per year, providing electricity generated through 100 MW roof-top solar photovoltaic power with 1,155 effective generation hours per year. With the benefits from near point electricity generation, the project is expected to save the costs of potential transmission losses from importing electricity from provinces outside Shanghai.
The project will be divided into more than 30 sub-projects, sequentially implemented over a 3-year period. A 3 MW onsite pilot project has been successfully implemented to prove the concept. Electricity generated by the roof-top solar photovoltaic power will be sold to SLIA and the state grid.
The project is estimated to be implemented over 3 years between 2017 and 2019. Suppliers for the project will be selected through a competitive and transparent bidding process. The loan will be repayable in 28 structured semi-annual installments over 14 years, starting from 2019.
The overall cost of the project is estimated to be RMB 750 million over a 3-year period. The proposed financing plan includes a loan of RMB 525 million from NDB and RMB 225 million financed by Lingang Group.
New Development Bank RMB 525 million (US$ 73.44 million)
Lingang Group RMB 225 million (US$ 31.48 million)
*There is no further information being disclosed at this stage of the project*
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