China Renewable Energy and Battery Storage Project (WB-P163679)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Northern China, especially Gansu, Xinjiang, Inner Mongolia and Jilin provinces
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
  • World Bank (WB)
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
U
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)
$ 200.00 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)
$ 200.00 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)
$ 645.24 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 @ WB website

Updated in EWS Mar 12, 2019

Disclosed by Bank Jan 22, 2019


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, the project development objective is to improve the performance of renewable energy (RE) through reduction of curtailment and deployment of emerging uses of RE in China, focusing on the application of battery storage technology.

Investment Description
  • World Bank (WB)

Borrower/Recipient                      US$ 425.00 million

Global Environment Facility (GEF)  US$ 14.24 million

Contact Information

1/World Bank
Ximing Peng Senior Energy Specialist

2/Borrower/Client/Recipient
People's Republic of China

3/Implementing Agencies

Huaxia Bank

Contact: Yongmiao Zhang

Position: Director

Email: yongmiaozhang@hotmail.com

National Energy Administration

Name: Zhipeng Liang

Position: Deputy Director General

Email: luozh@cresp.org.cn

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.