ADB, China Everbright to support China in energy sector
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.