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LOANS & CREDITS

China: Energy Efficiency Financing Project

May 27, 2008



IBRD Loan Amount: US$ 200 million

Terms: Fixed-Spread Loan of US 100 million with 30 years maturity including 5 years grace period and Variable Spread Loan of US$100 million to be repaid in full on September 15, 2025.

GEF Grant Amount: US$ 13.5 million

PROJECT DESCRIPTION: This project supports a major pillar of the Country Partnership Strategy for China: managing resource scarcity and environmental challenges. It will also contribute to the Bank’s recent efforts of developing a new investment framework to promote clean energy and energy efficiency by exploring effective ways of incorporating carbon finance and GEF technical assistance into the Bank’s lending operation in China. In addition, the proposed project would support the World Bank Group commitments of increasing renewable energy and energy efficiency lending support to clients by at least 20 percent per year during 2005–10.

 


Media Contacts
In Beijing
Li Li
Tel : 86-10-5861 7850
Lli2@worldbank.org

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