Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant
Pledged amount
$ 1600743208.0
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.
Summary
Funding agency [Type]
Yunnan Overseas Investment Company [State-owned Company]
Recipient
Equatorial Guinea
Sector
Energy (Code: 230)
Flow type
Loan
Concessional
Vague
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 unofficial sources
3
Details
Cofinanced
No
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]
Loan type
No Information
Gurarantee provided
No
Insurance provided
No