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Two Projects were Approved with China CDM Fund Concessional Loan by Beijing Gas Energy Central Heating (Cooling) and Shanxi Shenmu Natural Gas

2020-03-27

On March 20, 2020, China Clean Development Mechanism Fund Management Center (hereinafter referred to as CDM FUND)  issued Reply Letter to approve the grant of the CDM concessional loan to the Central Heating (Cooling) System BOT Project in the Campus of Nanjing University of Information Science & Technology by Beijing Gas Energy Development Co., Ltd. and 2×104Nm3/d Biological Natural Gas and Organic Fertilizer Ecological Recycling Project of Shanxi Shenmu New Energy Co., Ltd.

The 2 projects were approved with a total loan of RMB 75 million, both favored at an interest rate 58.75 points reduced on the basis of the LPR (Loan Prime Rate) on the contract-signing date in a five-year term. It’s estimated that the 2 projects can totally leverage social capital of RMB 2,060 million.

ⅠCentral Heating (Cooling) System BOT Project in the Campus of Nanjing University of Information Science & Technology by Beijing Gas Energy Development Co., Ltd.

The project was approved with a loan of RMB 50 million and provided with joint liability guarantee by Beijing Gas Group.

The project majorly targets at constructing 5 energy station systems, as well as outdoor pipelines and heating and domestic hot water end in the campus. It is estimated the heating floor areas will be 1,050,100 square meters and the cooling floor areas will be 204,500 square meters, with hot water users around 38,000 persons. The project uses the exhaust steam of power plants as the heat source to recover the originally released energy for heating, hot water supply and cooling, replacing electric heating and cooling to reduce power consumption, and thus reducing greenhouse gas emissions. After the project is put into use, it is expected to reduce greenhouse gas emissions  by an average of 31,585 tCO2e annually. 

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Ⅱ 2×104Nm3/d Biological Natural Gas and Organic Fertilizer Ecological Recycling Project of Shanxi Shenmu New Energy Co., Ltd.

It’s the first project under the "Green Innovation Investment Business Shanxi Model" by the CDM Fund in cooperation with the Shanxi Provincial Department of Finance and Jinshang Bank. The project was approved with a loan of RMB 25 million and issued the demand financing guarantee by Jinshang Bank Co., Ltd..

The main construction under the project is to build up a pretreatment workshop, an anaerobic fermentation tank, a purification workshop, a fertilizer production workshop, an office and supporting public facilities. After the project is completed, it could produce 7 million cubic meters of bio-natural gas for vehicles, and process 20,300 tons of organic fertilizer, treatment of 20,300 tons of manure (water-containing) and 40,600 tons of crop straw (water-containing) every  year. By recycling agricultural wastes, the project can lower the use of fossil fuels, promote energy mix adjustment, improve air quality and reduce pollutant emissions. After the project is put into use, it is expected to reduce greenhouse gas emissions by an average of 3,730 tCO2e annually.

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