China Tongbai Pumped Storage

Abstract*

The objectives of the Tongbai Pumped Storage Project, are to increase capacity, to further improve power load capability, and quality in the Zhejiang, and East China power systems, and, to improve the operational and investment efficiency in power generation, by implementing competitive generation markets in the Zhejiang Province. These objectives will be supported by the following components: 1) The development of the Tongbai pumped storage power... Show More

Development Objective

The project has two objectives: (a) i ncrease peaking capacity and improve load following capability and power quality in the Zhejiang and East Chi na power systems. The construction of a major pumped storage power plant, and the implementation of an effic ient mechanism to price its output in the market will be undertaken to achieve this objective; and (b) improv e the operating and investment efficiency in generation by developing and implementing a competitive generati on market in Zhejiang province. An associated objective is to ensure that the market structure created can e asily transition to wholesale competition. The associated sector restructuring, regulatory capacity building and removal of transmission constraints will be undertaken as part of the project to achieve this objective.

Key Details

Project Details

Project ID
P056424
Status
Closed
Team Leader
Jie Tang
Borrower 2
N/A

Country
China
Disclosure Date
September 8, 1998
Approval Date
(as of board presentation)
December 22, 1999
Effective Date
March 20, 2001

Total Project Cost 1
US$ 904.10 million
Implementing Agency
N/A
Region
East Asia and Pacific
Fiscal Year 3
2000

Commitment Amount
US$ 320.00 million
Environmental Category
A
Last Update Date
January 15, 2013
Closing Date
December 31, 2007

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change20%
- FY17 - Mitigation20%

FY17 - Finance

FY17 - Financial Infrastructure and Access20%
- FY17 - Credit Infrastructure20%

FY17 - Private Sector Development

FY17 - Business Enabling Environment20%
- FY17 - Regulation and Competition Policy20%
FY17 - Jobs7%
- FY17 - Job Creation7%

FY17 - Urban and Rural Development

FY17 - Rural Development27%
- FY17 - Rural Infrastructure and service delivery27%
FY17 - Urban Development7%
- FY17 - Urban Infrastructure and Service Delivery7%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
Local Govts. (Prov., District, City) of Borrowing Country	176.80
Local Sources of Borrowing Country	407.30
International Bank for Reconstruction and Development	320.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	320.00
IDA Commitment	N/A
IBRD + IDA Commitment	320.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	904.10

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2014	IBRD-45290	Int Charges	0.01
Dec 22, 1999	IBRD-45290	Loan Commitment	320,000,000.00
Mar 15, 2014	IBRD-45290	Int Charges	339,149.94
Mar 15, 2014	IBRD-45290	Loan Repay	6,739,180.50
Sep 15, 2013	IBRD-45290	Int Charges	394,768.20
Sep 15, 2013	IBRD-45290	Loan Repay	6,539,250.00
Sep 15, 2018	IBRD-45290	Int Charges	518,316.50
Sep 15, 2018	IBRD-45290	Loan Repay	8,811,913.00
Sep 15, 2017	IBRD-45290	Loan Repay	8,299,834.50
Mar 15, 2018	IBRD-45290	Int Charges	433,959.84
Mar 15, 2018	IBRD-45290	Loan Repay	8,551,334.00
Sep 15, 2017	IBRD-45290	Int Charges	510,768.88
Mar 15, 2017	IBRD-45290	Loan Repay	8,057,414.50
Mar 15, 2017	IBRD-45290	Int Charges	512,556.88
Sep 15, 2016	IBRD-45290	Int Charges	451,819.28
Sep 15, 2016	IBRD-45290	Loan Repay	7,820,989.50
Sep 15, 2015	IBRD-45290	Int Charges	311,203.06
Sep 15, 2015	IBRD-45290	Loan Repay	7,369,471.50
Mar 15, 2016	IBRD-45290	Int Charges	343,439.00
Mar 15, 2016	IBRD-45290	Loan Repay	7,590,734.50
Sep 15, 2014	IBRD-45290	Loan Repay	6,942,284.00
Mar 15, 2015	IBRD-45290	Loan Repay	7,151,294.00
Mar 15, 2015	IBRD-45290	Int Charges	285,903.34
Sep 15, 2019	IBRD-45290	Int Charges	307,611.88
Sep 15, 2019	IBRD-45290	Loan Repay	9,351,319.00
Mar 15, 2020	IBRD-45290	Loan Repay	9,634,465.00
Mar 15, 2020	IBRD-45290	Int Charges	123,230.17
Mar 15, 2019	IBRD-45290	Int Charges	428,948.16
Mar 15, 2019	IBRD-45290	Loan Repay	9,078,575.00
Sep 15, 2014	IBRD-45290	Int Charges	297,513.56

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Safeguards Rating	Satisfactory	2007-09-13
Counterpart Funding	Satisfactory	2007-09-13
Progress towards achievement of PDO	Satisfactory	2007-09-13
Financial Management	Satisfactory	2007-09-13
Monitoring and Evaluation	Satisfactory	2007-09-13
Overall Implementation Progress (IP)	Satisfactory	2007-09-13
Procurement	Satisfactory	2007-09-13
Project Management	Satisfactory	2007-09-13

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-26-2008
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Highly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-09-2008	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible To Low	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Exemplary	N/a
M&e Quality	Substantial	N/a

Results Framework