The Asian Development Bank (ADB) is considering funds for a technical assistance program to help develop renewable energy projects, including hydropower, in China’s Gansu Province.
With proposed funding of US$800,000, the technical assistance would identify, rank, and assess pre-feasibility of three to five priority investments in renewable energy projects such as hydropower, wind, and biomass generation. It also would evaluate and package the projects in bankable form to seek potential investment through domestic and international financial institutions.
Last year, Spanish utility Endesa agreed to buy 2.7 million tons of carbon dioxide emission rights from three wind projects and the 26.55-MW Gansu hydropower project in central China. (HNN 9/22/06)
ADB said it would begin a fact-finding mission in March, with plans to complete requirements for consulting services during the mission.
The bank has yet not designated a Chinese agency to administer the project. The ADB project officer is Ashok Bhargava, Energy Division, EARD, Asian Development Bank, P.O. Box 789, 0980 Manila, Philippines; (63) 2-6326387; E-mail: firstname.lastname@example.org.