Project ID: 37377

Export-Import Bank of China to provide USD $30 million loan for solar panel purchase

Pledged amount

$ 33841096.565695055

Adjusted pledged amount

$ 33841096.565695055

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

Costa Rica

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Pledge (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-06-03

Description

On June 3, 2013, Chinese President Xi Jinping and Costa Rican President Laura Chinchilla signed a financing agreement of 30 million USD preferential loan for the purchase of 50,000 solar panels.The expected borrower of the China Eximbank loan is the Banco de Costa Rica (a state-owned commercial bank in Costa Rica). The loan will be used for the purpose of building a 10 MW solar power plant and providing solar power to 28,000 families that still lack of electricity in remote and indigenous areas within the country. The proceeds of the loan were supposed to be used to facilitate the 50,000 solar panels from China. This project, however, was suddenly cancelled by the Costa Rican Institute of Electricity (ICE) on February 6th, 2015.

Number of official sources

3

Number of total sources

10

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Banco de Costa Rica [State-owned Bank]

Implementing agencies [Type]

Banco de Costa Rica [State-owned Bank]

Loan Details

Bilateral loan

Export buyer's credit

Inter-bank loan

Investment project loan