Shanxi Taiyuan Wusu Zero-Carbon Airport Project (NDB-STWZEROCARBONAIRPORT)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • China
Geographic location where the impacts of the investment may be experienced.
Specific Location
Taiyuan, Shanxi 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
  • 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Aug 14, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of China
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Climate and Environment
  • Energy
  • Infrastructure
  • Transport
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 202.01 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1448
Converted using 2025-07-14 exchange rate.
Loan Amount (USD)
$ 202.01 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1448
Converted using 2025-07-14 exchange rate.
Project Cost (USD)
$ 259.49 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1860
Converted using 2025-07-14 exchange rate.
Bank Documents
Media Documents
Primary Source

Original disclosure @ NDB website

Updated in EWS Aug 5, 2025

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

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the NDB, the Project comprises four components:

  • Component 1: Decarbonizing Energy Supply, to encompass solar photovoltaic power generation and green heating and cooling;
  • Component 2: Introducing Energy Storage, for both electricity and heat supported by advanced technologies;
  • Component 3: Managing Energy Systems Intelligently, to enhance an intelligent energy and carbon management platform that improves energy efficiency; and
  • Component 4: Filling Knowledge and Capacity Gaps, primarily in sustainable energy management.

The Project aims to reduce Taiyuan Wusu International Airport’s annual net CO2 emissions to zero by shifting to renewable power sources such as solar and geothermal energy and improving its energy efficiency. The Project is expected to generate valuable practical experiences that can guide other airports in their pursuit of low-carbon transition.

The People’s Government of Shanxi Province will be responsible for overall planning, execution and supervision of the Project. Shanxi Aviation Industry New Energy Company (SAINE), a joint venture established by Shanxi Aviation Industry Group (SAIG) and two government-owned enterprises specializing in geological engineering and industrial construction, will be responsible for daily implementation of the Project. SAIG, which manages eight airports across Shanxi including TWIA, will assume the role of coordinating project planning, construction and financing. The implementation period for the Project is from 2025 to 2029.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

As stated by the NDB, the Project has been classified as Category B in accordance with the NDB Environment and Social Framework. Key E&S risks include potential groundwater and soil contamination from drilling and installation of geothermal wells, impacts related to PV panels such as increased bird attraction and reflected light, hazardous waste from decommissioning PV panels and batteries, noise and electromagnetic interference and general construction-related impacts.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by DevelopmentAid, Shanxi Aviation Industry New Energy Co., Ltd. was established on April 7, 2024 with a registered capital of 450 million yuan. It is a wholly-owned subsidiary of Shanxi Aviation Industry Group Co., Ltd. Shanxi Aviation Industry Group Co., Ltd. holds 51% of the shares, Shanxi Geological Group Co., Ltd. holds 34% of the shares, and Shanxi Installation Group Co., Ltd. holds 15% of the shares. It is mainly responsible for the construction and subsequent operation management of the "Taiyuan Wusu Zero Carbon Airport Project".

The company's business scope includes: power generation, transmission, power supply (distribution), construction engineering, mineral resource exploration, and tap water production and supply.

According to the Business and Human Rights Resource Centre, Shaanxi Aircraft Corporation is a Chinese aircraft manufacturer and supplier to the Chinese military based in Hanzhong, Shaanxi province. It is a subsidiary of the Aviation Industry Corporation of China (AVIC).

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Shaanxi Aircraft Corporation Parent Company Industry and Trade owns Shanxi Aviation Industry New Energy Company (SAINE) Contractor Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

NDB Team Leader:

He Tian - Public Sector Department

Borrower - Ministry of Finance:

Bo Zhang
Email: zjc@mof.gov.cn

Implementing Agencies -

The People’s Government of Shanxi Province:

Yingming Di
Email: 13903519647@139.com

Shanxi Aviation Industry Group:

Yang Chen
Email: sxhkcyjt@163.com

Shanxi Aviation Industry New Energy Company:

Zhigang Wen
Email: 3659719503@qq.com

ACCESS TO INFORMATION

You can submit an information request for project information though a form at the bottom of the following webpoage 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/.

How it works

How it works