China to use European bank funds to procure 10 small hydro projects

The government of China plans to develop 10 small hydropower projects in Hubei Province using a China Climate Change Framework Loan from the European Investment Bank (EIB).

China is to seek equipment and services for the projects in accordance with procurement guidelines of the EIB, which approved a total of 134 million euros (US$197 million) in November for four programs under the climate change loan.

EIB provided a total of 40 million euros (US$59 million) of the total 71 million euro (US$104 million) cost of the 10 hydro plants. The projects, to be designed, built, and operated in Yichang Prefecture, are to total 62 MW.

The hydro work is intended to increase the share of renewable energy in the general production mix in China. The program has a particular focus on the environmental and social effects of the projects where mitigating measures are satisfactorily implemented.

The climate change loan also provides funds for a district heat system, installation of energy efficient lighting, and utilization of carbon dioxide produced by a fertilizer plant. All the programs are to seek approval to sell carbon emissions credits under the United Nations’ Clean Development Mechanism.

For information, see the European Investment Bank Internet site at www.eib.org/projects/press/2009/2009-236-eur-134-million-from-eib-to-finance-four-projects-under-china-climate-change-framework-loan.htm.

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