MOF signs loan agreement with AFD on Shanxi Pianguan Biomass Cogeneration Project


Zhou Qiangwu, Deputy Director-General (DG level) of the Department of International Economic and Financial Cooperation of China’s Ministry of Finance, Laurent Bili, French Ambassador to China, and Yann Martres, Regional Director of the French Development Agency (AFD) in China, co-signed a loan agreement on May 26 on Shanxi Pianguan Biomass Cogeneration Project.

The project will use a loan of 27 million euros from the AFD with a term of 20 years (including a grace period of 6 years). Upon completion, the project will play a positive role in alleviating Pianguan County’s tight heat supply, improving air quality, reducing pollution caused by straw burning in rural areas and promoting the county’s economic development.

Source: Ministry of Finance of the People's Republic of China