§ Mr. Simon ThomasTo ask the Secretary of State for Trade and Industry if she will list the coal power plants which have had British business involvement with ECGD assistance since 1992; and if she will make a statement in each case on(a) project name, (b) country location, (c) capacity in MW, (d) estimated carbon emissions and (e) the value of the loan guaranteed. [63200]
§ Ms HewittThe table lists the name, country location, capacity in MW, estimated carbon emissions per year, and the value of the loan guaranteed by ECGD for each of the coal-fired stations for which ECGD has guaranteed the repayment of a loan since 1992. The list does not include projects for which ECGD has solely provided overseas investment insurance and other insurances since such cases are treated as commercial in confidence.
In estimating the value of carbon emissions it has been assumed that, upon completion, the stations will operate for 60 per cent. of the time (5,256 hours per year). It has also been assumed that carbon makes up 27.3 per cent. of the atomic mass of CO, and that coal produces CO, at 0.687 tonnes per MW per hour.
These assumptions are taken from the greenhouse gas protocol website www.ghgprotocol.org and are the 1999 average values for power plants in "Economies In Transition" (i.e. markets where ECGD most commonly provides guarantees).
It should be noted that for most large power stations ECGD is only one of several financial providers.
129W
Project Country Capacity (MW) Carbon emissions (tonnes per year) Loan value (£ million) Balagarh India 500 492,481 3.5 Budge Budge India 500 492,481 64.5 Dalate China 700 689,474 17.8 Fuzhou China 700 689,474 63.1 Nantong China 660 650,075 20.0 Fushan City China 100 98,496 22.1 Gao Bei Dian China 1— 1— 3.3 Shaijao 'C' China 1— 1— 42.5 Omblin Indonesia 200 196,992 60.9 Dalian China 700 689,474 66.5 Dandong China 700 689,474 67.8 Majuba South Africa 3,600 3,545,864 239.0 Harare and Munyati Zimbabwe 255 251,165 7.1 Shandong China 3,000 2,954,887 213.5 Sual Philippines 1,200 1,181,955 296.6 Bulawayo Zimbabwe 120 118,195 5.6 Manjung Malaysia 2,100 2,068,421 522.3 Afsin-Elbistan Turkey 1,080 1,063,759 8.4 1Not known, as ECGD's records do not show the capacity of these stations. Both cases involved the basic supply of goods and so details of construction/capacity were not required. Shaijao was underwritten in 1993 and details of loan utilisation are no longer available.