New Energy Bus Procurement Project of Hangzhou Public Transport Group Co., Ltd.
2019-12-31
The project was approved with a loan of RMB 69 million on December 27, 2019 and guaranteed by Industrial Bank Hangzhou Sub-Branch.
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. An average amount of 2,020tCO2e of carbon dioxide emissions can be decreased annually.
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