Reference: 20080329
Release date: 16 October 2008

Promoter – Financial Intermediary

Ministry of Finance.

Location

Description

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.

Objectives

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.

Sector(s)

Proposed EIB finance (Approximate amount)

Up to EUR 140 million.

Total cost (Approximate amount)

EUR 253 million.

Environmental aspects

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

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

Status

Under appraisal - 16/10/2008

Disclaimer

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

Related tags

China Energy