fbpx 51194-003: Green Finance Catalyzing Facility | Asian Development Bank

China, People's Republic of: Green Finance Catalyzing Facility

Sovereign (Public) Project | 51194-003 Status: Active

The Shandong Green Development Fund (SGDF) pilots a transformational and disruptive financing mechanism to catalyze climate finance for a portfolio of climate resilient projects to support the proactive policies to decarbonize the economy of Shandong. The proposed Project creates a $1.5 billion SGDF with a mix of public and private sector capital, including catalytic resources of over $300 million from IFIs

Project Details

Project Officer
Jenny, Hubert M. East Asia Department Request for information
Country
  • China, People's Republic of
Sector
  • Finance
 
Project Name Green Finance Catalyzing Facility
Project Number 51194-003
Country China, People's Republic of
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9398-PRC: Green Finance Catalyzing Facility
Technical Assistance Special Fund US$ 300,000.00
Cooperation Fund for Project Preparation in the Greater Mekong Subregion and in Other Specific Asian Countries US$ 150,000.00
TA 9398-PRC: Green Finance Catalyzing Facility (Supplementary)
Financial Sector Development Partnership Special Fund US$ 225,000.00
TA 9398-PRC: Green Finance Catalyzing Facility (Supplementary)
Technical Assistance Special Fund US$ 188,000.00
Strategic Agendas Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming Some gender elements
Description The Shandong Green Development Fund (SGDF) pilots a transformational and disruptive financing mechanism to catalyze climate finance for a portfolio of climate resilient projects to support the proactive policies to decarbonize the economy of Shandong. The proposed Project creates a $1.5 billion SGDF with a mix of public and private sector capital, including catalytic resources of over $300 million from IFIs
Project Rationale and Linkage to Country/Regional Strategy

The Climate Change (CC) projects' pipeline spans several sub-sectors and focuses on maximizing investment in CC mitigation (75%), resulting in an estimate of 20 million tons CO2 over the lifespan of the projects and adaptation (25%) with 10 million beneficiaries (about 10% of Shandong Province).

The Project provides the following for eligible projects:

" Funding 10 to 50% (may vary per sector and project risk profile) of capital expenditure (CAPEX) upfront for 5 to 10 years of selected climate resilient subprojects for a capped period to make the projects bankable, by addressing the upfront subproject risks, such as approval, land acquisition and resettlement, as well as promoting advanced technologies and an integrated approach to CC;

" Refinancing catalytic funding from year 5, with an exit strategy to replace with PIC finance at commercial rates through take-out financing or issuance of asset-backed securities; and,

" Accessing TA program, financed by ADB loan and recovered from the subproject sponsors through upfront fees to the FMC, for design-review-advice of climate resilient project preparation; climate / green ratings; and monitoring, evaluation and verification.

All the investments to be made by SGDF will be linked to the climate criteria and performance in line with the GCF investment criteria and framework.

Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation The TA finances two outputs: (i) set-up of the Green Finance Catalyzing Facility (the Facility) by providing resources to finalize the structure of the Facility, the implementation and mixed financing agreement; and (ii) capacity development of the central and local governments to identify, screen, appraise the green projects and to prepare green investment plans from the master plans.
Business Opportunities
Consulting Services The Asian Development Bank will engage a total of 33 person-months of individual consultants in accordance with ADB Procurement Policy (2017, as amended from time to time) and the associated project administration instruction and TA staff instructions.
Responsible ADB Officer Jenny, Hubert M.
Responsible ADB Department East Asia Department
Responsible ADB Division Public Mgt, Financial Sector and Regional Coop Division, EARD
Executing Agencies
Ministry of Finance
Sanlihe, Xicheng District
Beijing,100820
People's Republic of China
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 03 Oct 2017
Last Review Mission -
Last PDS Update 26 Mar 2019

TA 9398-PRC

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
03 Oct 2017 05 Jan 2018 05 Jan 2018 30 Jun 2018 30 Jun 2019 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
713,000.00 150,000.00 0.00 0.00 0.00 0.00 863,000.00 03 Oct 2017 681,975.37

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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None currently available.

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

None currently available.

Related Publications

None currently available.


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Tenders

Tender Title Type Status Posting Date Deadline
PPMS - Project Portfolio Management Consultant Individual - Consulting Closed 03 Jul 2018 09 Jul 2018
PPMS - Systems Architect Individual - Consulting Closed 03 Jul 2018 09 Jul 2018
PPMS - Systems Developer Individual - Consulting Closed 03 Jul 2018 09 Jul 2018
International Green Mechanism Consultant Individual - Consulting Closed 26 Jan 2018 01 Feb 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.