China Eximbank provides RMB 28.5 million government concessional loan for 30MW Wadadli Power Plant Repair Project (Linked to Project ID#54572)
Commitment amount
$ 5422115.7656705305
Adjusted commitment amount
$ 5422115.77
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Antigua and Barbuda
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On September 8, 2011, China Eximbank and the Government of Antigua and Barbuda signed a preferential loan framework agreement for the 30MW Wadadli Power Plant Repair Project. China Eximbank and the Government of Antigua and Barbuda subsequently signed an RMB 28.5 million government concessional loan (GCL) agreement for the 30MW Wadadli Power Plant Repair Project. The GCL’s final maturity date is September 2030. The purpose of the project was to upgrade a substation related to the China Eximbank-financed Wadadli power plant (captured via Project ID#54572). The implementation status of this project is unknown.
Additional details
1. This project is also known as the Substation Upgrade for New 30MW Power Plant Project. The Chinese project title is 电站升级优项目. 2. The preferential loan framework agreement was signed on the same day (配套变电站升级优惠贷款项目政府间框架协议) as the handover ceremony for the China Eximbank-financed 30MW Wadadli Power Plant Construction Project (captured via Project ID#54572).
Number of official sources
11
Number of total sources
15
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Antigua and Barbuda [Government Agency]
Implementing agencies [Type]
Beijing Construction Engineering Group Co., Ltd. (BCEG) [State-owned Company]
Loan Details
Maturity
19 years