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Shanxi Energy Efficiency and Environment Improvement Project

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Shanxi Energy Efficiency and Environment Improvement Project Completion Report Project Number: 44013-013 Loan Number: 2885 October 2019 People’s Republic of China: Shanxi Energy Efficiency and Environment Improvement Project This document is being disclosed to the public in accordance with ADB’s Access to Information Policy. CURRENCY EQUIVALENTS Currency unit – yuan (CNY) At Appraisal At Project Completion 2 August 2012 11 December 2017 CNY1.00 = $0.1570 $0.1512 $1.00 = CNY6.3698 CNY6.6152 ABBREVIATIONS ADB – Asian Development Bank CHP – combined heat and power CMM – coal-mine methane CO2 – carbon dioxide DDR – due diligence report DHS – district heating system EIRR – economic internal rate of return EMP – environmental management plan EPB – Environmental Protection Bureau EMR – environmental monitoring report EMU – Environmental Management Unit FIRR – financial internal rate of return GAP – gender action plan HES – heating exchange station IEE – initial environmental examination NOx – nitrogen oxide O&M – operation and maintenance PIA – project implementing agency PIU – project implementation unit PMO – project management office PPMS – project performance monitoring system PRC – People’s Republic of China SCADA – supervisory control and data acquisition SDRC – Shanxi Provincial Development and Reform Commission SFD – Shanxi Provincial Finance Department SO2 – sulfur dioxide TA – technical assistance WACC – weighted average cost of capital WEIGHTS AND MEASURES km – kilometer m2 – square meter m3 – cubic meter mu – equivalent to 666.67 square meters MW – megawatt MWt – megawatt thermal NOTE In this report, "$" refers to United States dollars. Vice-President Ahmed M. Saeed, Operations 2 Director General Amy S. P. Leung, East Asia Department (EARD) Director Yolanda Fernandez Lommen, People’s Republic of China Resident Mission, EARD Team leader Xinjian Liu, Senior Project Officer (Energy), EARD Team members Yan Dong, Associate Project Analyst, EARD Ning Li, Senior Environment Officer, EARD Fang Wang, Senior Project Officer (Financial Management), EARD Wenlong Zhu, Senior Safeguards Officer (Resettlement), EARD Ciwang Zhuoga, Associate Social Development Officer (Safeguards), EARD In preparing any country program or strategy, financing any project, or by making any designation of or reference to a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area. CONTENTS Page BASIC DATA i I. PROJECT DESCRIPTION 1 II. DESIGN AND IMPLEMENTATION 1 A. Project Design and Formulation 1 B. Project Outputs 2 C. Project Costs and Financing 4 D. Disbursements 4 E. Project Schedule 5 F. Implementation Arrangements 5 G. Technical Assistance 6 H. Consultant Recruitment and Procurement 6 I. Gender Equity 6 J. Safeguards 7 K. Monitoring and Reporting 8 III. EVALUATION OF PERFORMANCE 8 A. Relevance 8 B. Effectiveness 9 C. Efficiency 9 D. Sustainability 10 E. Development Impact 11 F. Performance of the Borrower and the Executing Agency 12 G. Performance of the Asian Development Bank 12 H. Overall Assessment 12 IV. ISSUES, LESSONS, AND RECOMMENDATIONS 13 A. Issues and Lessons 13 B. Recommendations 14 APPENDIXES 1. Design and Monitoring Framework 16 2. Project Cost at Appraisal and Actual 18 3. Project Cost by Financier 23 4. Disbursement of ADB Loan Proceeds 25 5. Project Implementation Schedule 26 6. Chronology of Major Events 27 7. Project Implementation Arrangement and Fund Flow 28 8. Contract Awards of ADB Loan Proceeds 30 9. ADB-financed Contract Packages 31 10. Gender Equality Action Plan Analysis 32 11. Environmental Impact Analysis 36 12. Evaluation of Land Acquisition and Resettlement Implementation 40 13. Status of Compliance with Loan Covenants 43 14. Economic Reevaluation 54 15. Financial Reevaluation 60 16. Social Impact and Labor Retrenchment Plan 64 BASIC DATA A. Loan Identification 1. Country People’s Republic of China 2. Loan number and financing source 2885-PRC, ordinary capital resources (OCR) 3. Project title Shanxi Energy Efficiency and Environment Improvement Project 4. Borrower People’s Republic of China 5. Executing agency Shanxi Provincial Government 6. Amount of loan $100 million 7. Financing modality Project loan B. Loan Data 1. Appraisal – Date started 24 October 2011 – Date completed 4 November 2011 2. Loan negotiations – Date started 18 July 2012 – Date completed 19 July 2012 3. Date of Board approval 31 August 2012 4. Date of loan agreement 27 March 2013 5. Date of loan effectiveness – In loan agreement 25 June 2013 – Actual 24 April 2013 – Number of extensions 0 6. Project completion date – Appraisal 30 June 2017 – Actual 31 December 2017 7. Loan closing date – In loan agreement 31 December 2017 – Actual 31 December 2017 – Number of extensions 0 8. Financial closing date – Actual 8 June 2018 9. Terms of loan – Interest rate London interbank offered rate (LIBOR) + 0.6% less credit of 0.2% – Maturity (number of years) 20 years – Grace period (number of years) 5 years 10. Terms of relending (if any) – Interest rate LIBOR + 0.6% less credit of 0.2% – Maturity (number of years) 20 years – Grace period (number of years) 5 years – Second-step borrower Shanxi Provincial Government ii 11. Disbursements a. Dates Initial Disbursement Final Disbursement Time Interval 21 January 2014 4 December 2017 46 months Effective Date Original Closing Date Time Interval 24 April 2013 31 December 2017 56 months b. Amount ($ million) Last Net Original Revised Amount Amount Amount Undisbursed Category Allocation Allocation Canceled Available Disbursed Balance Jinzhong District Heating Subproject Works 1.85 1.90 1.90 1.90 0.00 Equipment 39.12 38.93 38.93 38.93 0.00 Consulting services 0.90 0.00 0.00 0.00 0.00 Licheng District Heating Subproject Works 2.30 2.17 2.17 2.17 0.00 Equipment 15.1 14.82 14.82 14.82 0.00 Consulting services 0.33 0.00 0.00 0.00 0.00 Qin District Heating Subproject Works 4.53 6.88 6.88 6.88 0.00 Equipment 17.09 17.05 17.05 17.05 0.00 Consulting services 0.46 0.00 0.00 0.00 0.00 Zhongyang District Heating Subproject Works 1.03 1.58 1.58 1.58 0.00 Equipment 3.26 3.27 3.27 3.27 0.00 Consulting services 0.08 0.00 0.00 0.00 0.00 Liulin Coal Mine Methane Subproject Equipment 10.62 10.49 10.49 10.49 0.00 Consulting services 0.23 0.00 0.00 0.00 0.00 Interest and 3.10 2.91 2.91 2.91 0.00 Commitment Charges Total 100.00 100.00 100.00 100.00 0.00 Note: Amounts may not add up precisely due to rounding. Source: Asian Development Bank. C. Project Data 1. Project cost ($ million) Cost Appraisal Estimate Actual Foreign exchange cost 109.85 100.00 Local currency cost 56.27 54.01 Total 166.12 154.01 iii 2. Financing plan ($ million) Cost Appraisal Estimate Actual Implementation cost Borrower financed 66.12 51.10 ADB financed 96.90 100.00 Total 163.02 151.10 Interest during construction costs Borrower financed 0 0 ADB financed 3.10 2.91 Other external financing 0 0 Total interest during construction costs 3.10 2.91 ADB = Asian Development Bank. 3. Cost breakdown by project component ($ million) Component Appraisal Estimate Actual A. Base costs Part A: District heating supply 115.62 125.50 Part B: CMM supply and distribution 15.17 15.99 Part C: Project management and capacity building 16.70 9.61 Subtotal (A) 147.49 151.10 B. Contingencies Physical contingencies 7.30 0 Price contingencies 8.24 0 Subtotal (B) 15.54 0 C. Financing charges during implementation 3.09 2.91 Total (A+B+C) 166.12 154.01 CMM = coal-mine methane. 4. Project Schedule Item Appraisal Estimate Actual Date of contract with consultants a December 2013 Completion of engineering designs December 2014 September 2015 Civil works contract Date of award January 2014 January 2014 Completion of work March 2016 November 2017 Equipment and supplies Dates First procurement December 2013 December 2013 Last procurement April 2014 June 2016 Completion of equipment installation September 2016 October 2017 Start of operations Completion of tests and commissioning October 2016 November 2017 Beginning of start-up October 2014 October 2014 a Recruitment using domestic funds. 5. Project performance report ratings Implementation Period Ratings From June 2013 to June 2015 On-track From July 2015 to September 2015 Potential problem From October 2015 to December 2017 On-track iv D. Data on Asian Development Bank Missions No. of No. of Specialization of Name of Mission Date Persons Person-Days Members Fact-finding 25 October– 8 30 a, c, d, e, f, g, h, n 3 November 2011 Pre-inception 21–22 March 2013 3 6 f, b, g Inception 11–13 November 2013 3 9 g, b, m Review 1 1–2 July 2014 3 6 g, a, b Review 2 18–22 September 2014 2 10 g, i Review 3 23–25 March 2015 2 4 a, b, g, i, j Midterm review 8–12 August 2016 3 11 a, b, k Review 4 11–15 September 2017 2 8 a,b Project completion review 6–14 March 2018 6 40 a,b, i, j, k, l a = senior project officer(energy), b = associate project analyst, c = senior control officer, d = senior procurement officer, e = senior counsel, f = senior financial specialist, g = energy specialist, h = young professional, i = safeguards officer (environment), j = senior safeguards officer (resettlement), k = senior project officer (financial management), l= safeguards officer (social development), m = environment specialist, n = senior operations assistant. I. PROJECT DESCRIPTION 1. About half the carbon dioxide (CO2) emissions in the People’s Republic of China (PRC) come from generating electricity and heat. Demand for centralized heating (or district heating) is growing rapidly along with economic development and urbanization.
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