On September 30, according to the provincial State-owned Assets Supervision and Administration Commission, Shaanxi's first new policy-based financial instrument of 2026, amounting to 55 million yuan, successfully landed at Shaanxi Environmental Protection Group, with the funds earmarked specifically to supplement the capital of the group's Wuqi Natural Gas Peak-Shaving Reserve Station project.
This marks an important achievement in the deepened bank-enterprise strategic cooperation between Shaanxi Environmental Protection Group and the Shaanxi Provincial Branch of the Agricultural Development Bank of China, and represents the precise application of the policy-based financial instrument's functions of "acting as a pioneer, shoring up weak links, and countering economic cycles" in the energy infrastructure sector of the Yan'an revolutionary old area.
New policy-based financial instruments are often regarded by industry observers as "quasi-fiscal" tools, mainly targeting key sector projects by providing long-term, low-cost funding support, focusing on resolving project financing difficulties, and playing an important role in supporting national infrastructure construction and the development of specific industries.
The reason Shaanxi Environmental Protection Group successfully secured this instrument is precisely because it recognized its unique advantages of precise drip irrigation and leveraged amplification, providing an efficient solution to the project's capital shortfall.
Wuqi County is located in a high-altitude cold region with a long winter heating season and large natural gas peak-valley price differentials, making "gas shortages in winter and high gas prices" a pain point for residents.
The Wuqi Natural Gas Peak-Shaving Reserve Station project of Shaanxi Environmental Protection Group involves a total investment of 550 million yuan and is being constructed and operated by Yan'an Huinengda New Energy Co., Ltd., a subsidiary of the group.
The project fills the gap in large-scale liquefied natural gas emergency reserves in Wuqi, enabling a shift from "passively waiting for gas" to "actively shaving peaks," which is of great significance for enhancing regional energy resilience and extending the traditional oil and gas energy processing industrial chain in the old revolutionary area.
Hao Junliang, Chairman of Shaanxi Environmental Protection Group, stated that the group will continue to leverage its leading and driving role as the "chain leader" enterprise in the province's energy-saving and environmental protection industrial chain, actively deepen all-round cooperation with policy-based financial institutions such as the Agricultural Development Bank, and continuously intensify efforts in project financing, replacement of existing high-interest debt, and application of new policy-based financial instruments, so as to promote the implementation of more high-quality projects and contribute more state-owned enterprise strength to advancing Shaanxi's ecological civilization construction and green, low-carbon economic and social development.