The World Bank signed a greenhouse gas emissions reductions purchase agreement October 27 for the China Hubei Guangrun Hydro Development Project in China.
On behalf of the Community Development Carbon Fund, the World Bank is to buy about 485,000 tons of carbon dioxide equivalent from the project.
Hubei Guangrun Electricity Generation Co. Ltd. (HGEG) is launching a new phase of the World Bank-funded Hubei Hydropower Development Project that includes construction of the 18-MW Hongwawu and 10-MW Zhamushui hydroelectric projects in Jianshi County, Enshi Prefecture of Hubei Province. In June, HGEG and China’s CMC International Tendering Corp. invited inquiries from prospective bidders for major civil construction of the hydro plants as part of the program. (HNN 6/16/06)
Proposed construction of Hongwawu includes: a 41-meter-tall, 458-meter-long concrete-faced rockfill dam; a first-stage powerhouse containing two 4-MW generating units; a second-stage powerhouse containing two 4-MW and one 2-MW units; and a 4.6-kilometer 35-kilovolt transmission line to Zhamushui step-up station.
Proposed construction of Zhamushui includes: a 77-meter-tall, 142-meter-long concrete double-curvature arch dam; a powerhouse containing two 5-MW generating units; a step-up station; and a 12-kilometer 110-kilovolt transmission line connecting the substation to the transmission grid.
The Guangrun projects are expected to reduce greenhouse gas emissions by 72,560 tons of carbon dioxide per year at full capacity, expected by the end of 2008.
For information on the hydro projects, contact Mr. Rao Aiming, Hubei Guangrun Electricity Generation Co. Ltd., 21st Floor, Block B, Century Plaza, Zhongnan Road, Wuhan, Hubei Province 430071 China; (86) 27-87260366; Fax: (86) 27-87260215; E-mail: email@example.com; or Mr. Qiang Bing, Ms. Liu Xiaoling, CMC International Tendering Corp., Room 701, Genertec Plaza, No. 90, Xi San Huan Zhong Lu, Fengtai District, Beijing 100055 China; (86) 10-63348400; Fax: (86) 10-63373540; E-mail: firstname.lastname@example.org.
The signing took place at Carbon Expo Asia, the region’s first carbon fair with more than 800 participants from government, civil society, and industry. During the event, the World Bank and the International Emissions Trading Association issued a report saying the carbon market grew to nearly US$22 billion in the first nine months of 2006, more than doubling in value over the nearly US$11 billion recorded in 2005.
Finland buys CO2 credits from China hydro
Meanwhile, Finland has agreed to buy carbon dioxide (CO2) emissions credits under the Kyoto protocol from a hydropower plant in China, the Nordic country’s foreign ministry said October 27. In total, Finland aims to buy 10 million tons of CO2 equivalent during 2008 2012.
Finland said it will get about 225,000 certified emission reductions from its agreement with the 7.6-MW Qinjiamo hydroelectric project in southwestern China.
“Us buying certified emission reductions means in effect that the company (in China) can include the income from these in their investment,” senior ministry official Tapio Wallenius said.
He said the initial plan is to buy the reductions from the China project within the first phase of the Kyoto Protocol, by 2012.
Japan utility to buy carbon credits from China hydro
Japan’s largest utility, Tokyo Electric Power Co. (TEPCO), said October 16 it would buy carbon credits from a hydropower project in China as part of the international effort to help slow global warming.
TEPCO said a hydropower project being developed by Xinjiang Tianfu Thermoelectric Co. in western China is expected to cut the use of fossil fuel at local thermal power plants and reduce carbon dioxide emissions by 1.37 million tons from May 2007 to the end of 2012 under the United Nations’ Clean Development Mechanism.