China Development Bank loans 100 billion yuan in the first quarter to support green and low-carbon energy transformation

2022-08-01 0 By

Since this year, the national development bank, focusing on developmental financial main business, give full play to their role as the medium to long term investment and financing, grant loans of 109 billion yuan to the energy sector in the first quarter, key support for nuclear power, wind power, photovoltaic power generation, such as clean energy development, as well as the traditional energy such as coal clean and low carbon transformation, to help optimize our energy structure,We will make positive contributions to the work of carbon neutrality in an orderly manner.In the area of clean energy, the DEVELOPMENT Bank focuses on promoting the construction of large-scale wind power and photovoltaic power generation bases, as well as the implementation of green and low-carbon projects in key areas such as pumped storage, hydropower and nuclear power. In the first quarter, the BANK granted loans of 76.5 billion yuan to the clean energy industry, an increase of 48.8 billion yuan over the previous year.It has supported the construction of a number of key projects such as the Shangdu million kilowatt wind power base in Inner Mongolia, the Baotou Photovoltaic base in the mining and sedimentation zone, and the Fengning Phase II pumped storage power station.At the same time, the People’s Bank of China has applied for and applied the special reloan for clean and efficient utilization of coal to support safe and efficient green and intelligent mining of coal, clean and efficient utilization of coal power, clean heating for industry and civil use, and comprehensive utilization of coal resources, so as to help improve the clean and efficient utilization of coal.Development bank officials said that the next step, the bank will further implement the central economic work conference spirit and the deployment of the government work report, based on the resources endowment, adhere to the first break up, increase the intensity of green finance supply, actively support the development of clean energy, service power coal clean and efficient utilization, so as to realize the “double carbon” target to make new contributions.