CDB provides a $100 million USD loan for the 1320 MW Coal-Fired Jhajjar Power Plant Project (Linked to Project ID#54343)

On November 17, 2010, China Development Bank, the Export-Import Bank of China, Hong Kong and Shanghai Banking Corporation, Standard Chartered Bank, and Bank of Tokyo-Mitsubishi UFJ provided a $288 million USD syndicated loan to CLP India Private Limited — a subsidiary of CLP Group — for the1320 MW Coal-Fired Power Plant Project in Jhajjar, Haryana. The loan carries a 13.5-year maturity. The loan’s final maturity date is May 17, 2024. The interest rate is unknown. China Eximbank reportedly contributed $88 million USD to the loan syndicate, while China Development Bank contributed $100 million USD. Sinosure provided insurance for the loan. The loan is refinancing a part of a Rs39 billion loan that CLP India Private Limited contracted in 2009 with Industrial Development Bank of India (IDBI). Project ID#54343 captures China Eximbank’s contribution and this project captures China Development Bank’s contribution. SEPCO III/Shandong Tiejun Engineering Company Limited was the EPC contractor responsible for project implementation. Construction began in January 2009. Stage one of the project involved installing 660 MW capacity and that was commissioned March 2012. Stage two of the project involved installing 660 MW capacity and it was commissioned on July 19, 2012.

Number of official sources

5

Number of total sources

10