China Development Bank (CDB) and China Energy Conservation Investment Corporation (CECIC) have recently undersigned a fund raising agreement. Under the agreement, CDB will provide a policy loan worth RMB 10 billion to CECIC in the coming five years, in an effort to support a range of key projects demonstrating energy efficiency, environmental protection, and new energy.
According to the agreement, CECIC will made RMB 10 billion available for four pillar industries: 1) wind power generation. CECIC will establish a newly added installed capacity up to a million kilowatts by the end of 2007, and a combined installed capacity up to 4 million kilowatts in 2012, or one fourth of the nation?痵 total wind power generation capacity. CECIC will kick off the localization process of the key equipment in due time; 2) environment friendly utility water treatment. CECIC?痵 waste water treatment capacity will reach 15 million ton/day by 2007, and 50 million ton/day or more in 2012; 3) establishing a resource oriented harm-free and volume-reducing solid wastes processing industry. CECIC will expect a 50,000-ton daily capacity for treating living garbage in 2007. In the meantime, CECIC will, in line with relevant national planning, get fully involved in the hazardous and medical wastes treatment market. It plans to put 40 to 50 medical waste treatment projects into operation in 2006, with a 300-ton daily capacity; 4) enhancing the application of compressed natural gas (CNG). CECIC plans to expand the number of its CNG filling station to 228, with a daily sale of 2.6 million cubic meters. It also plans to add 800 new CNG filling stations during the period of 2008-2012. |
