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Summary sheet

Release date
16 October 2008
Status
Reference
Under appraisal | 16/10/2008
20080329
Project name
Promoter - financial intermediary
China Climate Change Framework Loan – Windfarm projects

Ministry of Finance.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 140 million.
EUR 253 million.
Location
Sector(s)
Description
Objectives

This project is a proposed loan allocation under the China Climate Change Framework Loan(CCCFL). Four subprojects are considered:

1-Xinyang windfarm project, Henan province: The proposed subproject is composed of four different windparks for a total of 124 turbines with a total installed capacity of 105.5 MW.

2-Dongfang windfarm project, Hainan province: The subproject is located in one site along the shoreline in the Dongfang municipality for a total installed capacity of 49.5 MW.

3-DengLouJiao windfarm project, Xuwen county, Guangdong province: The subproject is located in one site along the shoreline of the Jiaowei city for a total installed capacity of 49.5 MW.

4-Yongshi windfarm project, Xuwen county, Guangdong province: The subproject is located in one agricultural area on the most southern limits of the Zhangjiang municipality for a total installed capacity of 49.5 MW.

The project supports EU and Bank policy objectives with regard to combating climate change and promoting renewable energy generation. The operation is eligible under the Asia and Latin America (ALA) mandate in line with the core objectives of contributing to environmental sustainability.

Environmental aspects
Procurement

The key objective of these allocations is to contribute to climate change mitigation. If located in the EU, the sub-projects would fall under Annex II of the Environmental Impact Assessment (EIA) Directive, which would leave it to the competent environmental authorities to determine the requirement for EIAs based on the screening criteria specified in Annex III of the same directive. The Chinese EIA law and regulations require EIAs to be prepared for all the sub-projects.

The investment schemes shall be prepared in line with the relevant national and EU environmental standards, including due consideration for protection of sites of nature conservation, as well as the social safeguards of the Bank. These issues will be addressed during the appraisal of the subprojects.

Procurement will be undertaken in accordance with the Bank’s Procurement Guidelines.

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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