Project Notice |
|
| PNR | 16242 |
| Project Name | Shaanxi Accelerated Energy Efficiency and Environment Improvement Financing Program |
| Project Detail | T he proposed project is to establish a dedicated Green Financing Platform (GFP) to mobilize domestic financing by leveraging ADB loan proceeds for energy efficiency, distributed renewable energy and environment improvement investments in Shaanxi Province. The proposed GFP will offer three complementary financial products: (i) a Debt Financing Facility to provide entrusted loans, (ii) Credit Guarantee Facility to support the mobilization of cofinancing, and (iii) Lease Financing Facility to provide lease financing for purchase of energy efficient industrial equipment. The GFP will partner with two commercial banks active in Shaanxi province to offer entrusted loans and the partner banks are encouraged to provide cofinancing to match at least the ADB loan proceeds. The guarantee facility will provide credit guarantees to technically sound subprojects with high energy saving potential but lacking in collateral to meet the requirement of the commercial banks for providing cofinancing. This facility is likely to be particularly useful for ESCO projects and SME borrowers. SFHG will provide credit enhancement to the guarantees provided by SMEGC by making a cash deposit of not more than 20% of the guaranteed cofinancing loan amount in the beneficiary bank of the guarantee. This will ensure that the guarantee facility will have a minimum leveraging ratio of 5. |
| Funded By | Asian Development Bank |
| Sector | Energy |
| Country | China , Eastern Asia |
| Project Value | CNY 6,000,000 |
Contact Information |
|
| Company Name | Shaanxi Provincial Development and Reform Commission |
| Address | Miao Yang, Director of Foreign Capital Office 1002788@qq.com Bldg. 8, Xin Cheng Compound, Xin Cheng District, Xian, Shaanxi, China 710006 |
| Web Site | https://www.adb.org/projects/48452-001/main#project-pds |
