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China: Beijing-Tianjin-Hebei Low Carbon Energy Transition and Air Quality Improvement Project

SUMMARY

STATUS
Approved
ECONOMY
China
SECTOR
Energy
E&S CATEGORY
Category A
PROJECT NUMBER
000323

FINANCING

PROJECT TYPE
Sovereign
APPROVED FUNDING
USD500 million
FINANCING TYPE
Stand-alone

TIMELINE

CONCEPT REVIEW
August 29, 2019
APPRAISAL REVIEW/FINAL REVIEW
October 23, 2019
FINANCING APPROVAL
December 12, 2019

OBJECTIVE

The objective is to increase the availability of natural gas to help reduce coal consumption and related emissions in the region of Beijing, Tianjin and Hebei (the BTH region). The project is in line with China’s endeavor to transition to a lower carbon energy supply structure.

DESCRIPTION

The project comprises two components:

(i) construction of LNG receiving, storage and regasification facilities with an annual handling capacity of 5 million tons of LNG.

(ii) construction of unloading wharf.

AIIB financing will be used in the construction of LNG receiving, storage and regasification facilities under the first component.

PROJECT FINANCING

For more information about project financing, please review the project summary.

ENVIRONMENTAL AND SOCIAL INFORMATION

AIIB’s Environmental and Social Policy (ESP) (including the Environmental and Social Standards (ESS) and Environmental and Social Exclusion List) apply to the Project. The proposed Project has been assigned Category A, due to the nature of the Project activities, local environmental and social contexts, as well as environmental and social impacts of the associated facilities. ESS1, Environmental and Social Assessment and Management, and ESS2, Involuntary Resettlement, are applied.

Environmental and Social Instruments. An Environmental and Social Impact Assessment (ESIA) has been prepared as required for the proposed Project activities, including an Environmental and Social Management Plan (ESMP), which describes the institutional arrangements, division of responsibilities, proposed mitigation measures, monitoring parameters and arrangements, and reporting requirements.

Please review the project summary for additional information.

PROJECT TEAM LEADER

Hongliang Yang

Principal Investment Operations Specialist

hyang@aiib.org

 

BORROWER

Su Han

Senior Advisor
Department of International Economic and Financial Cooperation
Ministry of Finance
People’s Republic of China

hansu@mof.gov.cn

 

IMPLEMENTATION AGENCY

Yan Kang

Chief Finance Officer Beijing Gas Group Company Ltd.

kangyan@bjgas.com

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