China EXIM Bank Provides Loan of US$33 million for 500 kV overhead line “TSS Syrdarya – TSS Novo Angren" in Uzbekistan
Commitment amount
$ 38768679.29004296
Adjusted commitment amount
$ 38768679.29
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Uzbekistan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government-guaranteed debt
Infrastructure
No
Category
Project lifecycle
Geography
Description
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.
Additional details
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
Number of official sources
4
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Uzpromstoybank [State-owned Bank]
Implementing agencies [Type]
Uzpromstoybank [State-owned Bank]
Guarantee provider [Type]
Government of Uzbekistan [Government Agency]
Loan Details
Maturity
20 years
Interest rate
2.0%
Grace period
5 years
Grant element (OECD Grant-Equiv)
39.0747%