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    Reference: 20160279
    Release date: 16 May 2017

    Promoter – Financial Intermediary

    PUBLIC ENTITY(IES)

    Location

    Description

    The project consists of the conversion of coal-fired boilers to gas-fired boilers, renovation of gas-fired boilers and renovation of heating supply pipelines in Hohhot, Inner Mongolia.

    Objectives

    The primary objectives of the project are to reduce emissions of greenhouse gases and other air pollutants, lower the high costs (e.g. coal, emissions and maintenance) associated with the old coal-fired boilers and to improve the efficiency of heating supply services.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 162 million

    Total cost (Approximate amount)

    EUR 216 million

    Environmental aspects

    The project will have a positive impact on the environment by (i) reducing the need for fossil fuels for heating due to efficiency increases and (ii) replacing coal by natural gas thus directly and indirectly reducing pollution (mainly airborne pollution including CO2) in an urban environment. Chinese regulation requires an environmental impact assessment (EIA) to be undertaken. The Bank will assess the environmental and social (E&S) aspects of the project during appraisal, including EIA process and documentation, to ensure adherence to its E&S standards.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Approved - 23/06/2017

    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