Overview

Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant

Commitments (Constant USD, 2023)$1,703,393,140

Commitment Year•2010Country of Activity•Equatorial GuineaDirect Recipient Country of Incorporation•Equatorial GuineaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 29, 2010

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

Yunnan Overseas Investment Company

Receiving agencies

State-owned companies

Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.)

Implementing agencies

State-owned companies

Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.)
Yunnan Overseas Investment Company

Loan desecription

Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant

Interest type•Unknown

Narrative

Full Description

Project narrative

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.