Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant
Pledged amount
$ 1844561497.3892157
Adjusted pledged amount
$ 1844561497.3892157
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]
Yunnan Overseas Investment Company [State-owned Company]
Recipient
Equatorial Guinea
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Description
On October 29th, 2010, Yunnan Overseas Investment Company, founded by the Yunnan Provincial Government. signed a Memorandum of Cooperation outlining a 1 billion Euro (approximately $1.3 billion USD) resource-backed loan for the 150MW Bata Natural Gas Power Plant Project with the Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.). Equatorial Guinea's National Natural Gas Corporation will sell 1 billion Euros ($1.3 billion USD) worth of Liquefied Natural Gas (LNG) to China in order to repay the loan.
Number of official sources
4
Number of total sources
7
Details
Cofinanced
No
Direct receiving agencies [Type]
Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.) [Government Agency]
Implementing agencies [Type]
Yunnan Overseas Investment Company [State-owned Company]
Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.) [Government Agency]