KfW银行集团概览

6th/7thDecember2006,BeijingMr.ArneGoossDirectorKfWOfficeBeijingCDMinChina:OpportunitiesforSino-GermanCooperation2KfWBankengruppeataglanceKfW银行集团概览PromotionalbankoftheFederalRepublicofGermany.Foundedin1948.Shareholders:FederalRepublicofGermany(80%),Germanfederalstates(20%).Balance-sheettotalattheendof2005:EUR341billion.3,500employeesattheendof2005.Rating:AAA/Aaa/AAA.3BrandStructure.业务范围促进德国经济发展投资信贷出口信贷及项目融资对发展中国家及转型经济国家的促进4KfWBankengruppeinChinaChinaTrackRecordsince1980:9billionEuro自1980年以来，集团在中国贷款总额:90亿欧元Activity业务Governmenttogovernmentloansfordevelopmentpurposes发展合作政府间的贷款Privatesectorloansandequityparticipations私营部门的贷款和股权投资Export&projectfinanceatcommercialconditions商业条件的出口信贷和项目融资Staff人员330323320InChinasince中国业务始于198519851980StaffinChina在中国办事处的人员98repres.byKfWEntwicklungsbank由KfW开发银行代表TotalCommitmentsinChina对中国的总承诺额EUR3,6Billion36亿欧元EUR0,4Billion4亿欧元EUR5,5Billion55亿欧元MainFocus在中国的主要服务对象Publicsector公共部门机构Privatesector私营部门企业Private/Publicsector私营部门企业/公共部门机构5KfWCarbonFundObjectivesoftheFund.碳基金目标Background背景EuropeanEmissionsTradingSystem(ETS),LinkingDirectiveNationalAllocationPlanscompliancestrategiesofaffectedcompaniesProvideaserviceinstrumentforGermanandEuropeanenterpriseswantingtouseproject-basedcertificatesforcompliancepurposes为德国和欧洲有意购买基于项目减排量的企业提供一种服务工具alternativetoownmeasuresandemissionstradingnointernalcapacitiesrequiredriskmitigationbydiversification6KfWCarbonFundFundConcept.碳基金方案Purchaseprogramme(“Buyers’Pool”)forproject-basedcertificates基于项目的减排额购买计划PurchaseofcompliancetoolsfortheETS(CERs,ERUs,project-basedEU-Allowances)commercialorientationKfWpurchasesasatrusteeforparticipantsKfW受参与企业的委托进行购买initsownname,fortheaccountofparticipantsonthebasisofindividualAgencyContractsbetweenKfWandeachparticipantlongtermoff-takecontractswithsuppliersofcertificates(“ERPA”)与碳减排额提供方签定长期购买协议upto2012withoptiontoextendpaymentondelivery;pre-financingbyKfWonacasebycasebasis7KfWCarbonFundContractualStructure.合同结构Participant1KfWProjectPortfolio(“KfWCarbonFund“)ProjectnProject3Project2Project1Participant2Participant3ParticipantxERPAAgencycontracts8KfWCarbonFundFundVolume.碳基金规模Fundvolume:计划总额度:EUR84million,8400万欧元KfW‘scontributionfromownfunds:KfW自己出资:EUR10million,最多1000万欧元GermanGovernment(“seedmoney”):德国政府（种子资金）:EUR4million,最多400万欧元Acquisitionofparticipants:认购参与方1sttrancheclosedendofApril2006Secondtrancheinpreparation:targetvolumeofEUR80–100millionLaunchofsecondtranche:Q1/20079KfWCarbonFundPurchaseContracts(I).购买合同(I)Long-termpurchaseagreement(Forwardcontract)长期购买协议KfWwillbuyinitsownname(AAABuyer)KfW以自己的名义购买(三A级购买者)Guaranteedminimumofftakequantity有保障的最低购买量Contractperiodupto2012withoptiontoextend合同期至2012年,还可能延长Market-basedpricing(fixedorvariablepricing)价格随行就市（固定价格或浮动价格）10KfWCarbonFundPurchaseContracts(II).购买合同(II)Deliveryoptions期权交割Earlydeliveryoptionforsellerearlyfulfillmentofcontract;optiontosellsurplusamountsinlateryearsinthemarket为卖方提供提前交割可供选择的可能性RightoffirstrefusalforbuyeronAdditionalandFutureCredits买方有按市场价格购买额外和未来减排量的首选权Paymentarrangements付款安排Paymentondeliveryasarule通常见货付款Prefinancingonacasebycasebasis视情况提供预付款11KfWCarbonFund/KfW碳排放投资交易基金InvestmentPolicy.投资策略EligibleProjectTypes符合条件的项目Generallytherearenotspecificlimitations总体而言无特殊限制ExclusionsinlinewithKyotoandETS:排外条款,以京都议定书和欧洲排放交易计划为准,具体是:nuclearpowerprojectslargehydropowerprojects(asperobjectivesofWorldCommissiononDams)untilfurthernoticeLULUCF-activities12KfWCarbonFundProjectSelectionPrinciples.项目挑选原则Objective:目标:buildingupabalancedprojectportfolioundertheaspectsofriskandreturn“investmentgrade”projectportfolioMaincriteria:主要标准:deliveryrisk(project,country,counterparty,“Kyoto”)pricepertonofCO2etransactioncosts(normallyminimumof50,000t/paCO2epertransaction;bundlingpossible)preparationstatus(deliveryfrom2008atthelatest)13KfWCarbonFundTimeSchedule.时间进度安排officiallaunch(FloatingoffirstCDM-tender):正式启动:June2004,2004年6月29日presentstatus:目前状况:morethan200projectproposalsreceived;about30projectsshortlistedfourERPAsandsixLoIssigned-sectors:renewableenergies(hydro,wind,biomass)andmethaneabatement(landfill,minegas)-countries:China,Brasilia,Egypt,Nepal,IndiaconclusionoffurtherERPAs:untilmidof2007deliveryofcertificates:until2012TheKfWCarbonFund德国复兴信贷银行碳基金Mr.BernhardZanderFirstVicePresidentKfWCarbonFundPalmengartenstrasse5–960325FrankfurtTel:[phone]Fax:[e-mail]:需要了解更多信息请查询:[phone]Fax:+86(10)[e-mail]