Text Version
RSS Feeds
Home Forum Photos Features Newsletter Archive Employment
About US Help Site Map
SEARCH   About US FAQ Site Map Site News
  -Text Version
  -RSS Feeds
  -News Archive
  -Give us feedback
  -Voices of Readers
  -Online community
  -China Biz info
  What's new
China gets ADB loans to clean up urban garbage
+ -
19:19, September 03, 2009

 Related News
 ADB: Asia's development progress weighed down by crisis
 ADB approves 500-mln-USD fiscal stimulus loan to Philippines
 ADB provides $100 mln for finance reforms in India
 ADB to intervene HIV spread in road projects
 ADB takes commitment fee on loans to Indonesia
 Comment  Tell A Friend
 Print Format  Save Article
The Asian Development Bank (ADB) on Thursday agreed to provide up to 200 million U.S. dollars in loans to help build up waste-to-energy plants in China's middle and small cities to clean up urban garbage.

The ADB said its loans will be provided to China Everbright International Limited, a Hong Kong-listed private firm, to develop and invest in plants using an advanced clean technology that, unlike most other waste-to-energy technologies, does not use coal supplements.

It is the ADB's first private-sector municipal solid waste management project, the regional development lender said.

The ADB said effective disposal of municipal solid waste is a serious environmental challenge in China, which generates around 148 million tons of it every year and growing at around 10 percent annually.

"Waste-to-energy processing with clean technology is the most effective method of treating municipal solid waste since it slashes waste volumes by 90 percent and eliminates methane gas emissions from the waste treatment process," said ADB Investment Specialist Hisaka Kimura, adding "furthermore, waste-to-energy technologies substitute for fossil fuels by generating electricity and heat in the incineration process."

China has set a long-term target to increase the amount of municipal waste that is used in waste-to-energy generation from one percent in 2002 to 30 percent by 2030.

Source: Xinhua

  Your Message:   Most Commented:
Being African among the curious Chinese
Australia's permission for Rebiya's visit chills bilateral ties
Three Beijingers jailed in US. Spies again?
Why India is pursuing military strength?
What is beyond the physical Line?

|About Peopledaily.com.cn | Advertise on site | Contact us | Site map | Job offer|
Copyright by People's Daily Online, All Rights Reserved