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Three Projects Were Approved with China CDM Fund Concessional Loan

2019-12-11

On November 21, 2019, China Clean Development Mechanism Fund Management Center issued Reply Letter to approve the CDM concessional loan to the following 3 projects: Wenzhou Natural Gas Transmission and Distribution Project of Wenzhou Gas Co., Ltd., Luxi-Mile-Kaiyuan Branch Natural Gas Pipeline Construction Project of Honghe Energy Investment Natural Gas Industry Development Co., Ltd. and the Ship Shore Power Supply System Construction Project of Guangzhou Port Company Limited.

The above 3 projects were approved with loans of RMB 198 million, at an interest rate 25% lower than the benchmark at the same period of the People's Bank of China on the date of signing the contract. The 3 projects can together leverage social capital of RMB 1174 million. It’s estimated that totally 433,600 tCO2e of greenhouse gas emissions can be reduced annually.

ⅠWenzhou Natural Gas Transmission and Distribution Project of Wenzhou Gas Co., Ltd

The project was approved with a loan of less than RMB 60 million and guaranteed by demand financing guarantee issued by ICBS (Industrial and Commercial Bank of China) Wenzhou Ma’anchi Branch to the Management Center.

The project will mainly construct the Xixiangmen Station Project of Wenzhou Natural Gas Transmission and Distribution Program and the high-and-middle-pressure pipeline project of Xixiangmen Station-Station West Pressure Control Station of Natural Gas Transmission and Distribution Program. After the project is completed, it will provide clean natural gas for downstream users and reduce the use of coal and oil in the natural gas supply area, thus has the potential of reducing greenhouse gas emissions.

Ⅱ Luxi-Mile-Kaiyuan Branch Natural Gas Pipeline Construction Project of Honghe Energy Investment Natural Gas Industry Development Co., Ltd.

It’s the first project under the “Green and Innovative Investment Business Yunnan Model” cooperated by China CDM Fund with Yunnan Provincial Department of Finance. The project was approved a loan of RMB 69 million and guaranteed by demand financing guarantee issued by CEB (China Everbright Bank) Kunming Branch to the CDM Management Center.

The major construction under the project is a natural gas transmission pipeline with a total length of 156.83km, 3 new stations and 7 monitoring valve rooms. When completed, it will provide clean natural gas fuel for downstream users and reduce the use of coal and oil in the natural gas supply area, which will further improve local air environment, optimize local energy mix, promote clean energy utilization and improve the livelihood of local people.

Ⅲ The Ship Shore Power Supply System Construction Project of Guangzhou Port Company Limited

The project was approved with a concessional loan of RMB 69 million and provided with joint liability guaranteemade by Guangzhou Port Group to the CDM Management Center.

The project majorly construct shore power system equipment on the waterfronts ofthe Guangzhou Port Group. After the completion of the project, ships can close its own auxiliary fuel generatorswhen parking at the port, and get power from the onshore power supply systems, thereby reducing noise pollution and fuel consumption and improving energy efficiency, realizing greenhouse gas emission reduction. Implementation of this project can greatly promote port shore construction and ship shore power facility transformation, setting up a positive example for energy-saving and consumption reduction, and green and low-carbon port and ship transmission. 

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