Skip to navigation Skip to main content Skip to site map

Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Nanjing Coastal Xingang Power Plant
Project ID
1966
Fiscal year
1999
Status
Not Active
Guarantee holder
Coastal Nanjing Power Ltd.
Investor country
Cayman Islands
Host country
China
Sector
Power
Gross exposure
 $20.7 million
Project type
Non-SIP

Coastal Nanjing Power, Ltd. of the Cayman Islands will develop, construct, and operate a 76-megawatt gas-turbine-diesel power plant in Nanjing City, the economic, social, and cultural center of Jiangsu Province. MIGA insurance of $20.7 million will cover Coastal's $22.9 million investment against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project enterprise, Nanjing Coastal Xingang Cogeneration Power Plant, will alleviate the acute power shortages experienced by the city caused by its fast economic growth and limited installed energy capacity. A reliable power supply during peak periods will help to attract companies to Nanjing's industrial zone.

It is estimated that 90 percent of the goods and services to construct the plant will be purchased locally. Local staff will receive on-site training in gas turbine installation and testing, startup and operation of the power plant.

 
The World Bank Group logo