New Energy Bus Procurement Project of Wenzhou Transport Group Co., Ltd.

This project was approved a concessional loan of RMB 69 million by China CDM Fund on July 18th 2019 to the project and the Industrial Bank Wenzhou Branch provides guarantee for the project.

The project is mainly about the procurement of 333 new energy buses. It belongs to the category of energy conservation and energy efficiency enhancement. By replacement of traditional fuel buses with new energy ones can effectively lower energy consumption and reduce exhaust emission, thus realizes greenhouse gas emission reduction. When the project is finished, it’s estimated that 1,932 tCO₂e of carbon dioxide emission can be reduced annually.

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