If approved by the World Bank board, China can use USD440 million in loans for its energy projects. The package includes USD200 million to help build a pool of technical experts that can propose energy-saving investments in heavy industries. “If China moves closer to world-market energy prices, which they say they’re going to do gradually, this should be a very profitable, important line of business,” according to David Dollar, the top official at the World Bank office in Beijing. The agency will lend another USD200 million to boost energy efficiency in Liaoning by installing individual metering systems in some small and medium-sized cities in the province. Another loan will provide equipment to curb sulphur dioxide emissions at four power stations in the Shandong province.
Source: World Bank to lend USD440 mln to China energy sector (Reuters)