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On March 22, the Asian Development Bank said it would provide a US$250 million loan to Sinopec Green Source Geothermal Energy Development Company (SGE) and Iceland's Polar Green Energy Group (AGE) to develop clean geothermal energy
in smoggy areas in northern China.
ADB loans US$250 million to support geothermal heating in China
SGE is a joint venture
formed by Sinopec and AGE.
While the project will focus on the Beijing-Tianjin-Hebei region, SGE Chairman Liu Shiliang said the partnership program will apply successful cases across Asia
.
Geothermal energy comes mainly from underground hydrothermal vents, which produce 1/4 of Iceland's electricity
.
In guidelines issued in January, China said it had plans to develop geothermal energy in the Beijing-Tianjin-Hebei region as part of
its anti-smog campaign.
According to a 2015 survey by the Ministry of Land and Resources, the reserves of shallow and mid-depth geothermal energy resources in 336 cities in China are equivalent to about 1.
9 billion tons of standard coal
per year.
Last year, the utilization of geothermal energy resources reached 21 million tons of standard coal
.
The use of coal for winter heating has been a major source of air pollution in the Beijing-Tianjin-Hebei region, and an ambitious plan to switch more than 5.
5 million homes from coal to clean-burning natural gas suffered a difficult failure
late last year due to natural gas shortages and infrastructure problems.
During the annual parliamentary session in Beijing earlier this week, Minister of Ecology and Environment Li Ganjie acknowledged that problems with the coal-to-gas scheme had left a small number of households without heating
in cold weather conditions.
China has been studying other heating resources in the Beijing-Tianjin-Hebei region and hopes to use nuclear power to deploy small district heating reactors
as soon as possible.
，
On March 22, the Asian Development Bank said it would provide a US$250 million loan to Sinopec Green Source Geothermal Energy Development Company (SGE) and Iceland's Polar Green Energy Group (AGE) to develop clean geothermal energy
in smoggy areas in northern China.
ADB loans US$250 million to support geothermal heating in China
ADB loans US$250 million to support geothermal heating in ChinaSGE is a joint venture
formed by Sinopec and AGE.
While the project will focus on the Beijing-Tianjin-Hebei region, SGE Chairman Liu Shiliang said the partnership program will apply successful cases across Asia
.
Geothermal energy comes mainly from underground hydrothermal vents, which produce 1/4 of Iceland's electricity
.
In guidelines issued in January, China said it had plans to develop geothermal energy in the Beijing-Tianjin-Hebei region as part of
its anti-smog campaign.
According to a 2015 survey by the Ministry of Land and Resources, the reserves of shallow and mid-depth geothermal energy resources in 336 cities in China are equivalent to about 1.
9 billion tons of standard coal
per year.
Last year, the utilization of geothermal energy resources reached 21 million tons of standard coal
.
The use of coal for winter heating has been a major source of air pollution in the Beijing-Tianjin-Hebei region, and an ambitious plan to switch more than 5.
5 million homes from coal to clean-burning natural gas suffered a difficult failure
late last year due to natural gas shortages and infrastructure problems.
During the annual parliamentary session in Beijing earlier this week, Minister of Ecology and Environment Li Ganjie acknowledged that problems with the coal-to-gas scheme had left a small number of households without heating
in cold weather conditions.
China has been studying other heating resources in the Beijing-Tianjin-Hebei region and hopes to use nuclear power to deploy small district heating reactors
as soon as possible.
，
