2.a.iv. Other investment assistance or cost sharing method
CITATION:
Asian Development Bank Loan to Tianjin IGCC Project (GreenGen)
STATUS:
Approved
TIME FRAME Start:
2012
TIME FRAME End:
DESCRIPTION:
Asian Development Bank approved a $135 million loan to the Tianjin Integrated Gasification Combined Cycle Power Plant Project, also known as "GreenGen," in February 2010. The 26-year loan has a grace period of six years and the interest rate is to be determined in accordance with ADB's LIBOR-based lending facility. GreenGen is being designed to capture CO2, which is to be injected in a nearby oil field.
