CNMIEC provides $188.1 million supplier’s credit for 2x125 MW Barapukuria Coal-Fired Power Plant Project (Linked to Project ID #34237 and #52735)

On June 30, 2001, China National Machinery Import and Export Corporation (CMC) provided a $188.1 million supplier’s credit to the Government of Bangladesh for the 2x125 MW Barapukuria Coal-Fired Power Plant Project. The supplier’s credit carried the following terms: 15-year maturity, 3 year grace period, and a 3.5% interest rate. The Government of Bangladesh issued a sovereign guarantee for this loan on September 8, 2002. The Government of Bangladesh’s loan identification number for this supplier's credit is S1120010630a. CMC secured the funding to provide the supplier’s credit from an export seller’s credit from China Eximbank. CMC was the contractor responsible for project implementation. Power plant construction began in November 2002. The first power generation unit was successfully put into operation in mid-November 2005, and the second power generation unit was put into operation in 2006. According to the Government of Bangladesh’s Economic Relations Division (ERD), $187.920 million had been disbursed through this supplier’s credit and $124.126 million had been repaid to the creditor as of June 30, 2018. The exact locational coordinates of the project are available at http://globalenergyobservatory.org/geoid/40466.

Additional details

Some sources indicate that the contractor responsible for project implementation was China National Electric Wire & Cable Import/Export Corporation (CNMIEC) rather than CMC. China National Electric Wire & Cable Import/Export Corporation is now known as China National Cable Engineering Corporation.

Number of official sources

10

Number of unofficial sources

7