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World Bank, GEF-Backed Energy Efficiency Program Expands in China

Gefbacked_energy_efficiency_programThe Chinese Government and the World Bank have announced the preparation of a new Energy Efficiency Financing Project, using a proposed new US$ 200 million World Bank loan and US$ 13 million grant from the Global Environment Facility (GEF).

This project, expected to be approved in a few months, will foster the development of large-scale energy efficiency loan programs in three Chinese national banks, to provide lending for projects in the US$ 5-10 million range in heavy industries.

 

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