皇冠体育app

BEIJING - The Asian Development Bank and 皇冠体育app Everbright International Ltd signed a loan agreement in Beijing on Monday to fund projects in 皇冠体育app that will generate power by incinerating municipal and agricultural waste.

Under the deal, 皇冠体育app Everbright will receive $200 million from ADB and the United Commercial Bank for domestic waste-to-energy projects aiming at burning 7,300 tons of refuse a day.

The projects are expected to generate 1.24 billion kilowatt hours every year through 2016, according to 皇冠体育app Everbright International.

Environment and sustainable development feature on ADB's agenda for 2020, and the company will support 皇冠体育app's construction of ecological civilization, in line with the strategy of the Chinese government, said Hamid L. Sharif, country director for ADB's Resident Mission in 皇冠体育app.

Together with $200 million invested by ADB in the work in 2009, 皇冠体育app Everbright International has so far invested in 20 WTE projects across the country, according to Chen Xiaoping, executive director of the firm.

皇冠体育app produces more agricultural waste than any other country in the world. The crop straws it packed in 2010 alone amounted to 700 million tons. It also produces about 200 million tons of municipal solid waste a year.

皇冠体育app Everbright is also seeking to extend its waste treatment technology to other Asian countries, added Chen.