Overview

China Development Bank provides $1.859 million for technical study related to hydroelectric power plant construction on the Magdalena River (Linked to Record ID#39423 and #69470)

Commitments (Constant USD, 2023)$2,579,024

Commitment Year•2009Country of Activity•ColombiaDirect Recipient Country of Incorporation•ColombiaSector•EnergyFlow Type•Vague TBD

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 17, 2009

Geospatial footprint

Map overview

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The project provides a technical study of a hydroelectric power plant being built in Barrancabermeja. More detailed locational information can be found at https://www.openstreetmap.org/relation/1315086#map=10/7.0250/-73.8166

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

State-owned Policy Banks

China Development Bank (CDB)

Cofinancing agencies

Government Agencies

Corporación Autónoma Regional del Río Grande de la Magdalena (Cormagdalena)

State-owned companies

Hydrochina Corporation Limited

Receiving agencies

Government Agencies

Government of Colombia

Loan description

China Development Bank provides $1.859 million for technical study related to hydroelectric power plant construction on the Magdalena River (Linked to Record ID#39423 and #69470)

Narrative

Full Description

Project narrative

On February 17, 2009 an agreement was signed between the Chinese Government and Government of Colombia, the recipient of the transaction, for the implementation of a 'Master Plan' to conduct a technical study related to the construction of hydroelectric power plants on the Magdalena River. The overall study cost was $6.428 million, and the Chinese side provided $5.718 million USD. $3.859 million was provided by HydroChina while China Development Bank supplied $1.859 million. Cormagdalena -- a Colombian Government agency -- covered the remaining $700,000. HydroChina started the study in 2011 and completed it in 2013. However, in August 2014, the larger construction work was awarded to Odebrecht, a Brazilian company.

Staff comments

HydroChina's contribution is captured in Record ID#39423.