Narrative
Full Description
Project narrative
In October 2017, China Development Bank (CDB) signed a 150 million EUR term loan agreement with Redes Energéticas Nacionais. The loan carried a maturity of 7 years.
Overview
China Development Bank (CDB) signs 150 million EUR term loan agreement with Redes Energéticas Nacionais
Commitments (Constant USD, 2023)$180,002,839
Commitment Year•2017Country of Activity•PortugalDirect Recipient Country of Incorporation•PortugalSector•EnergyFlow Type•Loan
Status
Project lifecycle
Implementation
Pipeline: PledgePipeline: CommitmentImplementationCompletion
Timeline
Key dates
- Commitment date
- Oct 1, 2017
- Last repayment (originally scheduled)
- Sep 29, 2024
Stakeholders
Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities
Ultimate beneficial owners
At least 25% host country ownership
Funding agencies
State-owned Policy Banks
- China Development Bank (CDB)
Receiving agencies
Private Sector
- Redes Energéticas Nacionais, SGPS, S.A. (REN)
Loan description
China Development Bank (CDB) signs 150 million EUR term loan agreement with Redes Energéticas Nacionais
Interest type•UnknownMaturity•7 years