The Asian Development Bank agreed to provide four loans of as much as $200 million to China Everbright International Ltd. for agricultural and municipal waste-to-energy projects in China.
The projects are expected to consume 7,300 tons of waste each day, generating about 1,240 gigawatt-hours of electricity annually by 2016, ADB said in a Nov. 26 statement on its website.
The loans will be given to China Everbright Biomass Energy Investment Ltd. and China Everbright Environment Energy Ltd., units of China Everbright International, ADB said. The terms of the loans weren’t disclosed.
China aims to install as much as 8 gigawatts of agricultural biomass capacity and 3 gigawatts of waste-to-energy by 2015, promoting developers to venture into the sectors.