Yixing Pumped Storage Project

closed

The Yixing Pumped Storage Project for China's development objective is to increase the overall efficiency of the power sector in Jiangsu Province in two ways: a) design and implementation of a restructuring of the power sector to further competition at the generation level and to provide large consumers access to generators, and b) construction of a pumped storage plant (4 x 250 MW) in Yixing to ease acute peaking problems and improve the generation mix that will create the conditions for more flexible dispatch and improved supply reliability an essential requirement for well-functioning competitive markets. The project components are: 1) construction of the Yinxing pumped storage power plant, a new upper reservoir, new main dam and subsidiary dam, and the underground powerhouse; 2) assistance to the restructuring of the power sector; and 3) construction of a double circuit transmission line to connect the Yixing pumped storage plant to the East China 500 KV network. The project will contribute to the Bank's energy sector strategy for China by assisting in making a smooth transition from a fully state-owned monopolistic sector to a diversely owned, market-oriented sector in which are promoted clean fuels, renewable energy, energy efficiency and assistance to poor western areas to develop their energy resources for local growth and export to other regions.