ADB, China Ever­bright to sup­port China in en­ergy sec­tor

The Pak Banker - - Front Page -

BEI­JING: The Asian Devel­op­ment Bank (ADB) and China Ever­bright In­ter­na­tional Ltd. have signed a loan agree­ment for agri­cul­tural and mu­nic­i­pal waste-to-en­ergy (WTE) projects in the Peo­ple’s Repub­lic of China (PRC) to re­duce the en­vi­ron­men­tal im­pact of agri­cul­tural and mu­nic­i­pal waste dis­posal. The WTE op­tion is very at­trac­tive for the PRC since the government has set the devel­op­ment of a re­cy­cling econ­omy as a na­tional goal, said Shuji Hashizume, In­vest­ment Spe­cial­ist in ADB’s Pri­vate Sec­tor Op­er­a­tions De­part­ment, dur­ing the sign­ing cer­e­mony. The China aims to in­stall agri­cul­tural waste-to-en­ergy ca­pac­ity of up to eight gi­gawatts by 2015. The project aims to treat about 7,300 tons of waste a day, gen­er­at­ing around 1,240 gi­gawatthours of elec­tric­ity a year by 2016. Green­house gas emis­sions are also ex­pected to be slashed by about 638,000 tons per an­num by 2018. In­cin­er­a­tion is rec­og­nized as a par­tic­u­larly ef­fec­tive method for waste treat­ment since it re­duces waste vol­ume by 90% and elim­i­nates meth­ane emis­sions.

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