China pledges 23.8 MM USD Loan to Purchase Turbines for Tarija Wind Farm
Pledged amount
$ 27944140.678635113
Adjusted pledged amount
$ 27944140.678635113
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Bolivia
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
0
Number of total sources
5
Details
Cofinanced
Yes
Direct receiving agencies [Type]
Government of Bolivia [Government Agency]
Implementing agencies [Type]
China National Machinery Industry Corporation (Sinomach) [State-owned Company]
Loan Details
Maturity
20 years