- August 11, 2017
- Posted by: Marvin Garcia
Apart from being a specialist development bank in the field of industry and mining, the Bank of Industry and Mine (BIM) is also active in other areas like infrastructure development as shown in its support in funding the construction of the very first solar power plant of Iran.
BIM has seen the potential for Iran to capitalize on the numerous sunny days in the country which can be a source of clean energy, hence, investing more than USD30M for the construction of the very first solar power plant in Iran.
The project is expected to increase capacity of electricity generation, lessen the risk of electrical outage in the deprived regions, and to localize the technology of holding solar power plants.
Other benefits of this project include the creation of direct and indirect jobs in Iran’s central and southern province, and increasing the engineering standard in the county.
BIM’s “Gostaresh Energy Atieh No Facilities” won the 2017 ADFIAP Outstanding Development Project Awards under the Infrastructure Development Category.
DBM warms Mongolian city with heating plant construction
With the approval of the Government of Mongolia and adhering to its mandate to support economic growth and finance projects and programs, the Development Bank of Mongolia (DBM), with funding support from the China Development Bank (CDB), has provided financing for the building of a heating plant in the Amgalan area of Ulaanbaatar City.
The Amgalan Heating Plant has a capacity of 348 megawatts and consisted of two (2) 6,000m network lines, seven (7) heat transportation centers, 110/10KVt power transmission lines, substations and other engineering buildings. The plant started operations in July 2016.
The project is strategically, economically and socially significant to the country as providing reliable heating system to east Ulaanbaatar, improving operations of heat supply system of the city. It also reduces air pollutions, creating the opportunity to build residences in the east zone with a comfortable living environment.
The “Amgalan Heating Plant Project” of the DBM won the 2017 ADFIAP Outstanding Development Project Award under the Infrastructure Development Category.