China Energy Efficiency Financing

Abstract*

The objective of the Energy Efficiency Financing Project is to improve the energy efficiency of medium and large-sized industrial enterprises in China, and thereby reduce their adverse environmental impacts on climate. There are four components to the project. The first component is the promotion of energy efficiency financing, it will support the preparation and implementation of two to three industrial energy conservation projects in sectors with... Show More

Development Objective

Improve energy efficiency of selected medium and large-sized industrial enterprises in China.

Key Details

Project Details

Project ID
P084874
Status
Closed
Team Leader
Xiaodong Wang , Yun Wu
Borrower 2
China Huaxia Bank,The Export-Import Bank of China

Country
China
Disclosure Date
April 24, 2006
Approval Date
(as of board presentation)
May 27, 2008
Effective Date
October 7, 2008

Total Project Cost 1
US$ 571.00 million
Implementing Agency
National Energy Conservation Center
Region
East Asia and Pacific
Fiscal Year 3
2008

Commitment Amount
US$ 200.00 million
Environmental Category
N/A
Environmental and Social Risk
N/A
Closing Date
December 31, 2016

Last Stage Reached
BANK APPROVED
Last Update Date
July 16, 2019

Associated Projects
P123239
P098916

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 change100%
- FY17 - Mitigation100%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	200.00
Borrowing Country's Fin. Intermediary/ies	200.00
Sub-borrower(s)	171.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	571.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 15, 2013	IBRD-75290	Int Charges	213,816.95
Sep 15, 2013	IBRD-75290	Loan Repay	1,707,500.00
Dec 19, 2014	IBRD-75300	Loan Disb	1,850,000.00
Dec 4, 2014	IBRD-75300	Loan Disb	4,500,000.00
Oct 9, 2014	IBRD-75300	Loan Disb	2,700,000.00
Sep 15, 2013	IBRD-75300	Int Charges	232,427.78
Aug 26, 2013	IBRD-75290	Loan Disb	1,710,000.00
Dec 29, 2014	IBRD-80920	Loan Disb	12,000,000.00
May 27, 2014	IBRD-80920	Fee Charges	250,000.00
Jun 18, 2014	IBRD-80920	Loan Disb	20,000,000.00
Mar 15, 2014	IBRD-75290	Int Charges	465.50
Mar 15, 2014	IBRD-75290	Int Charges	184,581.42
Mar 15, 2014	IBRD-75290	Loan Repay	1,742,384.00
Mar 15, 2014	IBRD-75300	Int Charges	205,774.39
Mar 15, 2016	IBRD-75300	Int Charges	348,833.34
Dec 22, 2015	IBRD-80920	Loan Disb	13,320,000.00
Mar 15, 2016	IBRD-80920	Int Charges	479,896.90
Sep 15, 2015	IBRD-80920	Int Charges	246,035.56
Sep 15, 2015	IBRD-75290	Int Charges	184,345.80
Sep 15, 2015	IBRD-75290	Loan Repay	1,742,384.00
Sep 15, 2015	IBRD-75300	Int Charges	270,888.90
Dec 11, 2015	IBRD-75290	Loan Disb	12,915,000.00
Dec 11, 2015	IBRD-80920	Loan Disb	20,000,000.00
Jun 29, 2015	IBRD-80920	Loan Disb	20,000,000.00
Jun 11, 2015	IBRD-80920	Loan Disb	14,680,000.00
Sep 15, 2014	IBRD-80920	Int Charges	45,983.33
Mar 15, 2015	IBRD-80920	Int Charges	117,076.67
Mar 15, 2015	IBRD-75300	Int Charges	209,021.22
Mar 15, 2015	IBRD-75290	Int Charges	156,460.62
Mar 15, 2015	IBRD-75290	Loan Repay	1,742,384.00
Sep 15, 2014	IBRD-75290	Int Charges	162,437.98
Sep 15, 2014	IBRD-75290	Loan Repay	1,742,384.00
Sep 15, 2014	IBRD-75300	Int Charges	185,942.22
Sep 15, 2014	IBRD-75290	Int Charges	0.01
Sep 15, 2019	IBRD-75290	Int Charges	1,076,071.10
Mar 15, 2019	IBRD-75290	Int Charges	1,042,604.06
Mar 15, 2019	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2019	IBRD-75300	Int Charges	1,432,916.60
Mar 15, 2019	IBRD-80920	Int Charges	1,348,359.50
Mar 15, 2019	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2018	IBRD-80920	Int Charges	1,311,025.50
Sep 15, 2018	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2018	IBRD-75300	Int Charges	1,308,444.50
Sep 15, 2018	IBRD-75290	Int Charges	975,031.75
Sep 15, 2018	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2018	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2018	IBRD-75300	Int Charges	859,750.00
Mar 15, 2018	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2018	IBRD-80920	Int Charges	955,971.60
Mar 15, 2018	IBRD-75290	Int Charges	631,699.70
Sep 15, 2017	IBRD-80920	Int Charges	997,609.70
Sep 15, 2017	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2017	IBRD-75290	Int Charges	644,760.50
Sep 15, 2017	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2017	IBRD-75300	Int Charges	853,555.56
Mar 15, 2017	IBRD-80920	Int Charges	930,138.90
Mar 15, 2017	IBRD-75300	Int Charges	734,055.56
Mar 15, 2017	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2017	IBRD-75290	Int Charges	570,372.25
Mar 15, 2017	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2016	IBRD-75290	Int Charges	438,135.25
Sep 15, 2016	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2016	IBRD-75300	Int Charges	552,000.00
Sep 15, 2016	IBRD-80920	Int Charges	771,777.75
Mar 15, 2016	IBRD-75290	Int Charges	253,981.47
Mar 15, 2016	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2022	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2022	IBRD-75300	Int Charges	241,333.33
Mar 15, 2022	IBRD-80920	Int Charges	231,906.25
Mar 15, 2022	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2022	IBRD-75290	Int Charges	67,345.88
Sep 15, 2021	IBRD-80920	Int Charges	263,868.75
Sep 15, 2021	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2021	IBRD-75290	Int Charges	84,643.56
Sep 15, 2021	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2021	IBRD-75300	Int Charges	260,666.66
Mar 15, 2021	IBRD-80920	Int Charges	306,171.56
Mar 15, 2021	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2021	IBRD-75290	Int Charges	117,853.91
Mar 15, 2021	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2021	IBRD-75300	Int Charges	291,611.12
Sep 15, 2020	IBRD-75290	Int Charges	295,004.47
Sep 15, 2020	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2020	IBRD-75300	Int Charges	521,333.34
Sep 15, 2020	IBRD-80920	Int Charges	500,311.34
Sep 15, 2020	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2020	IBRD-75290	Int Charges	797,207.50
Mar 15, 2020	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2020	IBRD-75300	Int Charges	1,183,000.00
Mar 15, 2020	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2020	IBRD-80920	Int Charges	1,030,246.40
Sep 15, 2019	IBRD-80920	Int Charges	1,353,728.90
Sep 15, 2019	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2019	IBRD-75300	Int Charges	1,523,111.10
Sep 15, 2019	IBRD-75290	Loan Repay	2,029,097.00
Oct 27, 2011	IBRD-80920	Loan Commitment	100,000,000.00
May 27, 2008	IBRD-75290	Loan Commitment	100,000,000.00
May 27, 2008	IBRD-75300	Loan Commitment	100,000,000.00
Mar 15, 2024	IBRD-80920	Int Charges	1,489,098.90
Mar 15, 2024	IBRD-80920	Loan Repay	3,850,000.00
Mar 15, 2024	IBRD-75300	Int Charges	51,307.50
Mar 15, 2024	IBRD-75300	Int Charges	3,038,917.80
Mar 15, 2024	IBRD-75290	Int Charges	1,737,526.00
Mar 15, 2024	IBRD-75290	Loan Repay	2,029,097.00
Sep 15, 2023	IBRD-75290	Int Charges	1,587,108.40
Sep 15, 2023	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2023	IBRD-75290	Int Charges	1,230,506.90
Mar 15, 2023	IBRD-75290	Loan Repay	2,029,097.00
Mar 15, 2023	IBRD-75300	Int Charges	114,059.59
Mar 15, 2023	IBRD-75300	Int Charges	2,321,875.50
Mar 15, 2023	IBRD-80920	Int Charges	1,200,995.40
Mar 15, 2023	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2023	IBRD-75300	Int Charges	38,193.76
Sep 15, 2023	IBRD-75300	Int Charges	2,714,171.50
Sep 15, 2023	IBRD-80920	Int Charges	1,442,445.00
Sep 15, 2023	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2022	IBRD-80920	Int Charges	509,754.12
Sep 15, 2022	IBRD-80920	Loan Repay	3,850,000.00
Sep 15, 2022	IBRD-75300	Int Charges	734,063.50
Sep 15, 2022	IBRD-75290	Int Charges	391,688.70
Sep 15, 2022	IBRD-75290	Loan Repay	2,029,097.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2016-12-18
Project Management	Satisfactory	2016-12-18
Procurement	Moderately Satisfactory	2016-12-18
Progress towards achievement of PDO	Satisfactory	2016-12-18
Financial Management	Moderately Satisfactory	2016-12-18
Monitoring and Evaluation	Satisfactory	2016-12-18

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-29-2017
Outcomes	Substantial
Risk to Development Outcome	Negligible
Bank Performance	Substantial
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 09-05-2017	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Negligible	N/a
Bank Performance	Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Satisfactory	N/a
Implementing Agency	Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Substantial	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Cumulative amount of EE lending to ESCOs and building projects (million US dollars) Value 0.00 105.00 60.00
Date October 31, 2008 November 11, 2016 December 31, 2016
Comment
Direct project beneficiaries Value 0.00 51.00 50.00
Date October 31, 2008 November 11, 2016 December 31, 2016
Comment
CO2 emission reductions (million tons of CO2) Value 0.00 6.30 6.49
Date October 31, 2008 November 11, 2016 December 31, 2016
Comment
Cumulative amount of incremental EC investments supported by the project (US$ million) Value 0 1318 1328
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment
Associated annual energy savings capacity (million tons of coal equivalent) Value 0 2.58 2.66
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Component A: Promotion of EE Financing - EE investment monitoring and evaluation procedures developed Value n/a Final draft Final draft
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment
Component A: Promotion of EE Financing - EE financing demand of projects in the project pipeline (million US$) Value 0 500 150
Date May 28, 2008 November 11, 2016 December 30, 2016
Comment
Component B: EC Investment Lending - Cumulative amount of EE lending of PFIs (million US$) Value 0 650 700
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment

Component B: EC Investment Lending - Annual energy consumption avoided from the EE lending of participating banks (million tons of coal equivalent)	Value	0	2.58	2.17
	Date	October 31, 2008	November 11, 2016	December 30, 2016
	Comment

Component B: EC Investment Lending - Annual avoided CO2 emissions from EE lending of PFIs (million tons of CO2) Value 0 6.3 5.28
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment

Component C: National Policy Support and Capacity Building - Establishment and functional operation of NECC	Value	n/a	NECC formed and staffed in 2009	NECC formed and staffed
	Date	May 28, 2008	September 30, 2012	December 31, 2012
	Comment

Component C: National Policy Support and Capacity Building - NECC business plan and initial work program developed Value n/a Final
Date May 28, 2008 May 31, 2011 May 31, 2010
Comment

Component C: National Policy Support and Capacity Building -Mid-term review of 11th FYP programs conducted and recommendations made. Necessary actions taken to enhance results	Value	0.0	12th FYI implementation supported	12th FYP implementation supported
	Date	May 28, 2008	November 11, 2016	December 31, 2016
	Comment

Associated CO2 emissions reduction capacity (million tons of CO2) Value 0 6.3 6.49
Date October 31, 2008 November 11, 2016 December 30, 2016
Comment
Component B: EC investment lending: Cumulative amount of EE lending to ESCOs and building projects. Value 0.00 105.00 60.00
Date October 31, 2008 November 11, 2016 December 31, 2016
Comment

Cumulative amount of EE lending to ESCOs and building projects (million US dollars)	Value	0.00	105.00	60.00
	Date	October 31, 2008	November 11, 2016	December 31, 2016
	Comment

Direct project beneficiaries	Value	0.00	51.00	50.00
	Date	October 31, 2008	November 11, 2016	December 31, 2016
	Comment

Cumulative amount of incremental EC investments supported by the project (US$ million)	Value	0	1318	1328
	Date	October 31, 2008	November 11, 2016	December 30, 2016
	Comment

Component A: Promotion of EE Financing - EE investment monitoring and evaluation procedures developed	Value	n/a	Final draft	Final draft
	Date	October 31, 2008	November 11, 2016	December 30, 2016
	Comment

Component B: EC Investment Lending - Annual avoided CO2 emissions from EE lending of PFIs (million tons of CO2)	Value	0	6.3	5.28
	Date	October 31, 2008	November 11, 2016	December 30, 2016
	Comment

Component C: National Policy Support and Capacity Building - NECC business plan and initial work program developed	Value	n/a		Final
	Date	May 28, 2008	May 31, 2011	May 31, 2010
	Comment

Associated CO2 emissions reduction capacity (million tons of CO2)	Value	0	6.3	6.49
	Date	October 31, 2008	November 11, 2016	December 30, 2016
	Comment