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ADB approves $135 mln loan for China's green power plant
The Asian Development Bank (ADB) on Monday said it has approved a 135 million U.S. dollar loan to help China build a coal-fired integrated gasification combined cycle ( IGCC) power plant, whose carbon dioxide emission rate is only one tenth of a usual coal-fired plant.
The 419.59 million U.S. dollar project, scheduled to be completed in northern city of Tianjin by 2012, will be the first IGCC plant in a developing country and can generate up to 1,470 gigawatt-hours of electricity every year, the Philippines-based development lender said.
Plants using IGCC technology turn coal into a synthetic gas, removing impurities, before the gas is burned in a gas turbine, ADB said, adding that it is more efficient than other clean coal technologies but its adoption has been slow due to high costs and some perceived technology complexity and risks.
ADB said it is providing additional 1.25 million dollars in technical assistance to pave the way for the ...
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