World Bank and China: a 25 year partnership for growth

The World Bank (WB) has had a long partnership with China and has worked with several government agencies, energy companies and banks to support the energy sector and the development of renewable energy.

Since its first involvement with the energy sector in China in 1984, a $145 million loan for the Lubuge Hydroelectric Project in Yunnan province, the WB has provided several billions of dollars of investment loans and grants to support the sector and the development of renewable energy.

"However, we would want to emphasize that in our development partnership with China, our financing is a means to engage with a broader range of important policy and institutional issues, many of which are critical for the development of a balanced and efficient energy sector," said Ranjit Lamech, currently the WB's sector manager for energy in the Europe and Central Asia Region - and formerly the task manager of the China Renewable Energy Scale-up Program (CRESP).