Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant
Constant 2017 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.
Funding agency [Type]
Yunnan Overseas Investment Company [State-owned Company]
Energy (Code: 230)
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
Number of unofficial sources
Receiving agencies [Type]
Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.) [Government Agency]
Implementing agencies [Type]
Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.) [Government Agency]; Yunnan Overseas Investment Company [State-owned Company]