| Abstract |
The China Energy Conservation Investment Corporation (CECIC) won through a national competitive bidding process organized by the National Development and Reform Commission (NDRC) the concession rights for 25 years to develop a wind power project of 100.5 megawatts (MW) on a build-operate-own basis at Lünaobao in Zhangbei County, Zhangjiakou Municipality, Hebei Province. The Zhangbei Wind Power Project (the Project) will be implemented by a special purpose vehicle in the form of a Sino–foreign joint venture indirectly 70% owned by CECIC and indirectly 30% owned by the HKC (Holdings), Ltd., (HKC). The total project cost is estimated to be CNY932.0 million, 34% of which will be financed by equity from two sponsors and 66% by long-term debts provided through a proposed Asian Development Bank (ADB) loan. Special funds have been allocated for environmental protection and conservation of water and soil in the project area.The Project will install 67 wind turbine generators (WTGs), each with a rated output of 1.5 MW, on ridges ascending from northwest to southeast, perpendicular to the prevailing wind direction from the north. The Project is the sixth wind power project developed by CECIC in Zhangbei and planned to be fully commissioned by early 2010. The Project’s capacity factor is projected to be 28.5%, providing 2,497 hours (h) of operation at full-capacity equivalent and supplying 250.9 gigawatt-hours of clean electricity from renewable wind resources per annum to mitigate chronic shortage on the North China Power Grid (NCPG). The environmental impact assessment (EIA) for the Project was conducted by the Hebei Provincial Academy of Environmental Sciences. It was approved by the Hebei Provincial Environment Protection Bureau in November 2007. The Hebei Water Conservation Bureau approved the water and soil conservation plan for the Project, and the Ministry of Land and Resources approved the land use plan in January 2008. |
