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7 Projects of Beijing City, Zhejiang, Jiangsu, Shandong and Yunnan Province Were Approved with China CDM Fund Concessional Loan

2020-01-19

On December 27, 2019, China Clean Development Mechanism Fund Management Center (hereinafter referred to CDM FUND) issued Reply Letter to approve the CDM concessional loan to Universal Studios Beijing Energy Center Project of Beijing Gas Energy Development Co., Ltd., Luliang Sub-Branch Natural Gas Pipeline Construction Project of Qujing Nengtou Natural Gas Industry Development Co., Ltd., Fuzhou Hongmiaoling Kitchen Waste Treatment Plant project (Phase I) of Fuzhou Shouchuang Haihuan Environmental Protection Technology Co., Ltd., New Energy Bus Procurement Project of Hangzhou Public Transport Group Co., Ltd., Lashan New Construction of Flue Gas Deep Purification and Waste Heat Recovery for Heat Source Coal-Water Slurry Boiler Project of Jinan Thermal Power Co., Ltd., Construction Expansion Project of Jiangsu New Chunxing Resource Recycling Co., Ltd. and Distributed Charging Station Construction Project of Fujian Mintou Electric Power Co., Ltd..

Ⅰ. Universal Studios Beijing Energy Center Project of Beijing Gas Energy Development Co., Ltd.

The project was approved with a loan of RMB 69 million and provided with joint liability guarantee by Beijing Gas Group to the CDM FUND.

The project mainly aims to build an independent distributed energy center in the Universal Studios Beijing, using the gas-fired combined cooling, heating and power (CCHP) system to supply energy within the park about 400,300 square meters. After the project is completed, it will supply energy to the recreation area, hotel, supporting commercial and logistics office areas, effectively improve energy efficiency, reduce the use of conventional fossil energy, and thus reduce greenhouse gas emissions. The implementation of the project will not only help build a “energy-saving, low-carbon, intelligent, safe and economic” energy supply system for key national projects, transform the energy mix, and save energy and reduce emissions; it will also balance the difference between Beijing’s gas and power loads in winter and summer, guarantee the safety and reliability of energy supply to meet the national requirements for building a resource-saving and environment-friendly society.

Ⅱ. Luliang Sub-Branch Natural Gas Pipeline Construction Project of Qujing Nengtou Natural Gas Industry Development Co., Ltd.

The project was approved with a loan of RMB 69 million and is guaranteed by demand financing guarantee issued by China Everbright Bank Kunming Branch to the CDM FUND.

The main content of the project is to build up a 122-km natural gas pipeline, a new sub-transmission station and 4 cut-off valves. When completed, the project will provide downstream users with clean natural gas and reduce the consumption of coal and oil in the gas supply area, which is significant to improve the atmospheric environment, optimize the local energy mix, promote the use of clean energy, and enhance life quality of local residents

Ⅲ. Fuzhou Hongmiaoling Kitchen Waste Treatment Plant project (Phase I) of Fuzhou Shouchuang Haihuan Environmental Protection Technology Co., Ltd.

The project was approved with a loan of RMB 69 million and the Industrial Bank Fuzhou Sub-Branch provides demand financing guarantee for the project to the CDM FUND.

The major construction of the project includes the main production facilities such as kitchen waste treatment systems, anaerobic fermentation and dehydration systems, biogas purification and utilization systems, and auxiliary public engineering facilities. After the project is completed, it is estimated that a 400-ton kitchen waste disposal capacity daily can be achieved. By introducing the concept of circular economy, the project implements the source classification and utilization of wastes, and improves the recycling system of renewable resources, so as to realize a sustainable development model of urban domestic waste featured as classified recovery, cyclic utilization, and greenhouse gas emission reduction.

Ⅳ. New Energy Bus Procurement Project of Hangzhou Public Transport Group Co., Ltd.

The project was approved with a loan of RMB 69 million and is under guarantee of demand financing guarantee issued by Industrial Bank Hangzhou Sub-Branch to the CDM FUND.

The project is about the purchase of 290 pure electric buses and belongs to the category of energy saving and energy efficiency enhancement. The project uses pure electric new energy buses to replace oil-electric hybrid and diesel ones with the objective of reducing the consumption of conventional fossil energy, thereby reducing greenhouse gas emissions.

Ⅴ. Lashan New Construction of Flue Gas Deep Purification and Waste Heat Recovery for Heat Source Coal-Water Slurry Boiler Project of Jinan Thermal Power Co., Ltd.

The project was approved with a loan of RMB 29 million and was guaranteed by demand financing guarantee issued by Qilu Bank Jinan Jianshe Road Sub-Branch to the CDM FUND.

The project aims to construct and install 6 sets of recuperative waste heat recovery devices, 2 sets of empty tower spray waste heat recovery devices, and 4 gas-driven heat pumps. It belongs to the category of energy conservation and energy efficiency enhancement. When completed, the project can help increase the heating area by about 4 million square meters through recovering the waste heat of flue gas as low-grade heat energy, which then be converted to high-grade one by gas-fired heat pump units. The project is conducive to reducing the content of harmful substances in smoke and dust, and is of great significance to win the battle against pollution.

Ⅵ. Construction Expansion Project of Jiangsu New Chunxing Resource Recycling Co., Ltd.

The project was approved with a loan of RMB 50 million. Bank of Jiangsu Co., Ltd. provides demand financing guarantee for the project to the CDM FUND.

The project will majorly build a new raw material warehouse and a production workshop of 3,795 square meters in the original plant area, purchase and install 1 deep volatilization reduction furnace, 1 cylindrical pelletizer, 101 sets of waste heat boilers, and 4 production lines. It belongs to the category of energy saving and energy efficiency improvement. Upon the completion of the project, it can realize the annual treatment of 124,304 tons of hot lead smelting slag, 23,760 tons of iron slag and 7,920 tons of alkali slag, and annual production of 37,754 tons of cast iron, 103,361 tons of water-quenched slag and 4,456 tons of soot. The project can significantly reduce tailings emissions by recycling valuable metals in the tailings and using flue gas waste heat to generate power. And the iron in the tailings will be re-processed into cast iron to replace its production, thereby achieving energy-saving and greenhouse gas emission reduction.

Ⅶ. Distributed Charging Station Construction Project of Fujian Mintou Electric Power Co., Ltd.

The project was approved with a loan of RMB 69.5 million and was guaranteed by demand financing guarantee issued by Industrial Bank Fuzhou Branch to the CDM FUND.

The project, which belongs to the category of energy saving and energy efficiency improvement, is about constructing 2,000 public charging piles in Fujian Province. By building charging piles to charge electric vehicles and replacing oil-fueled vehicles with electric ones, the project can thereby realize the objective of reducing greenhouse gas emissions.

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