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Overview

China pledges 23.8 MM USD Loan to Purchase Turbines for Tarija Wind Farm

Commitments (Constant USD, 2023)$25,794,864
Commitment Year•2012Country of Activity•BoliviaDirect Recipient Country of Incorporation•BoliviaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2012
End (planned)
Dec 31, 2014
End (actual)
Jan 3, 2014
Last repayment
Dec 27, 2031

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

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Bolivia

Implementing agencies

State-owned companies

  • China National Machinery Industry Corporation (Sinomach)

Loan desecription

China pledges 23.8 MM USD Loan to Purchase Turbines for Tarija Wind Farm

Interest type•UnknownMaturity•20 years

Narrative

Full Description

Project narrative

In 2012, China announced its intention to finance a 50MW wind farm in Tarija. It was to be developed by Chinese firm Sinomach, with 85% of the project's financing coming from the China Exim Bank, and the remaining 15% of the project to be paid for by the government of Tarija. The wind farm was expected to be completed by 2014, after an investment of $28 million. The first wind farm in Bolivia, constructed by Hydrochina Corporation (a Chinese firm), was officially opened by president Evo Morales at the beginning of 2014.

Staff comments

$28 million USD total investment and China will finance 85% of it so China will invest roughly 23,800,000 (28 x 0.85). Possibly overlaps with the Qollpana Wind Farm EPC, which was carried out by a Chinese company but not necessarily funded by Chinese entities (See #36305). Because China Exim Bank is provided 85% of the financing, the facility was probably in export credits. This lead to a change in Flow Class, Intent, and Flow Type. The description was modified to reflect this change. It was previously coded as just a loan.