China Development Bank loans $37.5 million for Villonaco Wind Farm (linked to #69319)

In 2011, the China Development Bank provided $37.5 million for the 16.5MW Villonaco Wind Power Project. This project was funded through a 2011 China Development Bank loan of $2,052,360,403.03 (Project ID#35930), specifically through the $1.4 billion discretionary component (Tranche A; Project ID#69319). The loan terms of Tranche A have been applied to this project. On 24 August 2011, work began on the project. It was expected to be completed on 18 November 2012. The contractor for the project is a Chinese company, Xinjian Goldwind Science. On 2 January 2013, construction was completed and the wind farm began operations. The project is located in the Loja Province. It will have 11 wind turbines at a height of 2,720m with a total nominal power of 16.5 MW (1.5 MW each). The project will serve to supply 25% of the electricity consumption in the province of Loja. The electricity will be sold at a price of USD 0.08 per KWh in the first ten years until the investment is amortised.

Additional details

This project is funded through Tranche A of the 2011 $2 billion CDB loan (Project ID#69319). To ensure we are not double-counting Chinese OF, the transaction amount field is left empty. The amount is captured in Project ID#69319.

Number of official sources

3

Number of total sources

11