China, People's Republic of: MFF: Guangdong Energy Efficiency and Environment Improvement Investment Program - Facility Concept

Sovereign Project | 39653-013 Status:

Summary

Latest Project Documents

Consulting Notices See also: CMS

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Procurement Notices See also: Operational Procurement

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Procurement Documents

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Project Name MFF: Guangdong Energy Efficiency and Environment Improvement Investment Program - Facility Concept
Project Number 39653-013
Country China, People's Republic of
Project Status
Project Type / Modality of Assistance Grant
Loan
Source of Funding / Amount
Grant 0109-PRC: Capacity Building for Energy Efficiency Implementation (Supplementary)
Climate Change Fund US$ 1.20 million
MFF Facility Concept 0020-PRC: MFF: Guangdong Energy Efficiency and Environment Improvement Investment Program - Facility Concept
Ordinary capital resources US$ 100.00 million
Strategic Agendas Inclusive economic growth
Drivers of Change Private sector development
Sector / Subsector

Energy - Energy efficiency and conservation

Gender Equity and Mainstreaming No gender elements
Description
Project Rationale and Linkage to Country/Regional Strategy
Impact

Project Outcome

Description of Outcome
Progress Toward Outcome (i) ADB loan of $100 million was fully disbursed in three tranches. Subsequent subprojects using revolving fund have started and ongoing. (ii) The MFF investment program provided large number of small loans to SMEs for Energy Efficiency investments. (iii) Variety of guarantee mechanisms were used. No defaults in sub loan repayment occurred. and, (iv) The MFF investment program produced EPP capacity of 242.3 MW and produce annual energy savings of 1.21 TWh as od end 2013, greatly exceeding original target.
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues) The $100.00 million MFF investment program finally comprised 3 tranches. Tranche 1 (loan 2426-PRC) of $35.0 million, was approved on 9 June 2008, and completed by 31 December 2011. Tranche 2 (loan 2611-PRC) of $22.06 million was approved on 16 December 2009, and completed by 31 December 2012. The tranche 2 project was awarded best performing project by EARD in 2013. Tranche 3 (Loan 2773-PRC, last tranche) of $42.94 million was approved on 5 September 2011, and fully completed by 31 December 2013. Grant 0109: Capacity Building for Energy Efficiency Implementation in Guangdong will be closed by April 2015.
Geographical Location Guangdong Province

Summary of Environmental and Social Aspects

Environmental Aspects

The Project will only conduct retrofitting on existing premises and does not have any significant environmental impact. Implementation of the Project will improve energy security and environmental quality in Guangdong.

The Project Management Office (PMO) will have overall responsibility for ensuring that all applicable PRC and ADB environmental standards and procedures are followed.

Involuntary Resettlement The Project will only conduct retrofitting on existing premises and does not involve any land acquisition. Therefore, there will not be any impact on involuntary resettlement.
Indigenous Peoples The Project will not have any impact on indigenous people or ethnic minorities.
Stakeholder Communication, Participation, and Consultation
During Project Design Interviews and site visits have been held with a number of large electricity end-users and middle users (e.g. energy service companies and high efficiency equipment manufacturers) on the development of EPP. The NDRC, MOF, and several provincial government departments (Economic and Trade Commission, Development and Reform Commission, Finance Bureau, State Assets Supervision and Administration Commission, and Energy Conservation and Monitoring Center) have been consulted about the IP.
During Project Implementation Under the proposed IP, ADB will provide to GPG $100 million loan in three MFF tranches with a 15-year term including a grace period of 3 years. First tier sub-borrowers will be required to repay their loans to GPG over 5 years including a 1 year grace period (sub-loan repayment period can be changed by GFTC, in consultation with ADB, to meet the investment needs). GFTC will be able to finance several cycles of EPP sub-projects as the sub-loans are repaid during the 15-year period, thereby multiplying the benefits of the proposed ADB loan.

Business Opportunities

Consulting Services

Consulting services will be used to assist in (i) assessing EPP sub-project applications, (ii) implementing EPP sub-projects, (iii) carrying out independent measurement and verification of energy savings and demand reductions of implemented sub-projects, and (iv) seeking carbon revenues for EPP projects from CDM. Consultants will be recruited according to ADB's Guidelines on the Use of Consultants.

Procurement of consulting services will be conducted in accordance with ADB's Procurement Guidelines (2007, as amended from time to time).

Procurement All procurement must be from ADB member countries. For procurement of goods, works and services by state-owned enterprises, procedures applicable to state-owned enterprises will be followed. For subborrowers from private sector, goods, works and services will be procured according to appropriate procedures, including: (1) reasonable prices being paid; and (2) fair canvassing when selecting supplies. Procurement procedures will be in accordance with the procurement manual prepared by GPG, acceptable in form and sustance to ADB, and approved by the project steering committee.

Responsible Staff

Responsible ADB Officer Xinjian Liu
Responsible ADB Department East Asia Department
Responsible ADB Division PRC Resident Mission
Executing Agencies
Government of Guangdong Province (GGP)
Ms. Cao Yuying
cyy@gdwbo.gov.cn
Floor 11, No. 26 Cangbian Rd., Guangzhou, PRC

Timetable

Concept Clearance -
Fact Finding -
MRM -
Approval -
Last Review Mission -
PDS Creation Date 03 May 2006
Last PDS Update 13 Mar 2015

Grant 0109-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
04 Jun 2008 27 May 2009 31 Aug 2009 31 Dec 2013 31 Dec 2014 27 Apr 2015
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 1.20 Cumulative Contract Awards
ADB 1.20 04 Jun 2008 1.11 NaN 92%
Counterpart 0.00 Cumulative Disbursements
Cofinancing 0.00 04 Jun 2008 1.11 NaN 92%

MFF Facility Concept 0020-PRC

Financing Plan Loan Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 142.00 Cumulative Contract Awards
ADB 100.00 - 0.00 0.00 %
Counterpart 42.00 Cumulative Disbursements
Cofinancing 0.00 - 0.00 0.00 %

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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