Practice the Spirits of the 19th National Congress of CPC Enhance Risk-Prevention Awareness

-- Post-loan on-site inspection on projects under operation in Hunan Province

Under the guidance of the spirits of the 19th National Congress of CPC, China Clean Development Mechanism Fund (hereinafter referred to as “the CDM Fund”) Management Center actively carried out post-loan on-site inspection on clean development concessional loan projects of the CDM Fund (hereinafter referred to as “the CDM concessional loan”).

From July 11 to 13, the Management Center and Hunan Provincial Finance Bureau carried out post-loan on-site inspection on Hunan Linwu Dongshan Dachong Wind Power Plant Project of Xiangtan Electric New Energy Co., Ltd. (hereinafter referred to as “Xiangtan Electric New Energy”) according to management procedures of projects that granted with the CDM concessional loan. The project belongs to the category of renewable energy.

The Management Center adopted ways of visiting the progress of on-site project construction, holding seminars with project units and checking relevant materials to carefully review the basic conditions of project owners, capital arrival and utilization conditions, project construction status, financial status, operation condition and credit status of project enterprises and capital security of the CDM fund. Currently, the project enterprise is under normal operation. The loan for the project was fully funded and has all been put into project construction as schedule. The wind power unit equipment purchased under the project was all installed, put into use and is functioning well. The grid-connected power generation is stable.

Implementation of the project effectively enhances the utilization of wind power in Linwu district, promotes the development and utilization of clean power and cuts down local fossil energy consumption for power generation. All this contribute to the coordinated development of local economy and environment.  

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