Overview

China EXIM Bank Provides Loan of US$33 million for 500 kV overhead line “TSS Syrdarya – TSS Novo Angren' in Uzbekistan

Commitments (Constant USD, 2023)$35,786,852

Commitment Year•2012Country of Activity•UzbekistanDirect Recipient Country of Incorporation•UzbekistanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2012

First repayment: Dec 30, 2016

Last repayment: Dec 27, 2031

Geospatial footprint

Map overview

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China EXIM Bank Provides Loan of US$33 million for 500 kV overhead line “TSS Syrdarya – TSS Novo Angren" in Uzbekistan. More detailed locational information can be found at https://www.openstreetmap.org/way/229824212 and https://www.openstreetmap.org/relation/2383549 and https://www.openstreetmap.org/way/305936031#map=15/40.7893/69.3742 and https://www.openstreetmap.org/way/263329825#map=16/40.5724/69.2540 and https://www.openstreetmap.org/way/300745790#map=15/40.5463/69.2194 and https://www.openstreetmap.org/way/307527630#map=15/40.5404/69.2112 and https://www.openstreetmap.org/way/312192371#map=16/40.4261/69.2217 and https://www.openstreetmap.org/way/312196311#map=15/40.3986/69.2108 and https://www.openstreetmap.org/way/307098121#map=10/40.2299/69.2330 and https://www.openstreetmap.org/way/332083507#map=15/40.2952/69.2257 and https://www.openstreetmap.org/way/327190810#map=16/40.2952/69.2257 and https://www.openstreetmap.org/way/328701459#map=13/40.2616/69.2011 and https://www.openstreetmap.org/way/324950011#map=15/40.2185/69.1184 and https://www.openstreetmap.org/way/221631298

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 Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

State-owned Banks

Uzpromstoybank

Implementing agencies

State-owned Banks

Uzpromstoybank

Guarantors

Government Agencies

Government of Uzbekistan

Loan desecription

China EXIM Bank Provides Loan of US$33 million for 500 kV overhead line “TSS Syrdarya – TSS Novo Angren' in Uzbekistan

Grace period•5 yearsGrant element•53.1012%Interest rate (t₀)•2%Interest type•Fixed Interest RateMaturity•20 years

Narrative

Full Description

Project narrative

In 2012, the Export-Import Bank of China signed a preferential buyer’s credit (PBC) loan agreement with Uzbek Industrial and Construction Bank (JSC Uzpromstroybank) worth $33,019,250 for the construction of 130km 500 kV overhead transmission line (OHL) from the Syrdarya Thermal Power Plant (TPP) to the Novo-Angren Thermal Power Plant (TPP). The terms of the PBC were as follows: 20 year maturity, 5 year grace period, 2% interest rate. The Government of Uzbekistan provided a sovereign guarantee for the loan. This project was expected to run from 2014-2016. Xian Electric Engineering was the contractor responsible for project implementation. The total cost of the project was estimated at $93 million; funds not provided by the China Eximbank will be provided by Uzbekenergo.

Staff comments

The Chinese project title is 建设锡尔河电站至新安格连电站500千伏高压线路. Syrdarya may also be spelled 'Sirdaryo' or 'Sirdarya.' The project was also referred to as 'Syrdarya TPS – Novo-Angren TPS