ADB loan to promote clean waste technology
Source: Xinhua |
September 4, 2009, Friday
|
Print Edition
Print Edition
THE Asian Development Bank yesterday said it would lend US$200 million to China to help develop waste-to-energy plants.
The loan would be the ADB's first to a private-sector municipal solid waste management project, said Jo Yamagata, deputy director general of ADB's Private Sector Operations Department.
Yamagata said the loan, maturing in 10 years with a three-year grace period, would be offered to China Everbright International Ltd, a leading environmental protection firm in China.
Philip Y. Fan, executive director and general manager of China Everbright International, said of all waste treatment technologies, the waste-to-energy technology was regarded as the most effective in treating urban areas' solid waste.
He said his company planned to invest 10 billion yuan (US$1.5 billion) in 30 environment projects in China, and 6.6 billion yuan for 26 projects had already been invested.
"The ADB loan will be used partly for our new waste-to-energy plants, with two plants already under way in Shandong and Jiangsu provinces," said Fan.
Hisaka Kimura, an investment specialist in ADB's PSOD, said: "Waste-to-energy processing with clean technology is the most effective method of treating municipal solid waste since it cuts volume by 90 percent and eliminates methane gas emissions from the process."
The ADB will give a technical assistance grant of up to US$653,000 from its Clean Energy Fund to evaluate the performance of the plants.
Lessons learned during the construction of these projects would be introduced to other ADB developing member countries to encourage wider use of the clean waste-to-energy technology.
The loan would be the ADB's first to a private-sector municipal solid waste management project, said Jo Yamagata, deputy director general of ADB's Private Sector Operations Department.
Yamagata said the loan, maturing in 10 years with a three-year grace period, would be offered to China Everbright International Ltd, a leading environmental protection firm in China.
Philip Y. Fan, executive director and general manager of China Everbright International, said of all waste treatment technologies, the waste-to-energy technology was regarded as the most effective in treating urban areas' solid waste.
He said his company planned to invest 10 billion yuan (US$1.5 billion) in 30 environment projects in China, and 6.6 billion yuan for 26 projects had already been invested.
"The ADB loan will be used partly for our new waste-to-energy plants, with two plants already under way in Shandong and Jiangsu provinces," said Fan.
Hisaka Kimura, an investment specialist in ADB's PSOD, said: "Waste-to-energy processing with clean technology is the most effective method of treating municipal solid waste since it cuts volume by 90 percent and eliminates methane gas emissions from the process."
The ADB will give a technical assistance grant of up to US$653,000 from its Clean Energy Fund to evaluate the performance of the plants.
Lessons learned during the construction of these projects would be introduced to other ADB developing member countries to encourage wider use of the clean waste-to-energy technology.
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