Release date: 15 April 2014
Promoter – Financial Intermediary
The borrower is People's Republic of China, represented by the Ministry of Finance, who will on-lend to the Harbin Municipality, Heilongjiang Province. The project will be implemented by a local ESCO.Location
Description
The project is an allocation under the China Climate Change Framework Loan II. It consists of a programme aimed at refurbishing to improve the energy efficiency of residential buildings of 5 million m2 floor area in Harbin urban area (Heilongjiang province). The project includes two key components: exterior envelope insulation and household heat consumption metering.
Objectives
The project will contribute to the development of energy efficiency in buildings, and the associated avoidance of air pollution, in particular greenhouse gas emissions.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 50 million
Total cost (Approximate amount)
EUR 126 million
Environmental aspects
An Environmental Impact report has been performed which was approved by the competent authorities. Based on available information, the project appears not to have significant negative impacts. In line with the Bank's guidelines, compliance with the Bank's environmental and social standards will be assessed.
Procurement
The Bank will require and monitor that implementation of the project will be done in accordance with the Bank's Guide to Procurement.
Status
Approved - 6/02/2015
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).