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Overview

ICBC contributions to $52 million syndicated loan for Central Térmica Loma de la Lata S.A., 645 MW thermal generation plant in Argentina

Commitments (Constant USD, 2023)$13,332,191
Commitment Year•2014Country of Activity•ArgentinaDirect Recipient Country of Incorporation•ArgentinaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2014

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

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Central Térmica Loma de la Lata S.A. is a thermal generation plant located in the Province of Neuquén. More detailed locational information can be found at http://globalenergyobservatory.org/geoid/42232 and https://www.openstreetmap.org/way/188354364

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 Commercial Banks

  • Industrial and Commercial Bank of China (ICBC)

Cofinancing agencies

Private Sector

  • BACS Banco de Crédito y Securitización SA
  • Banco Hipotecario SA
  • Citibank, N.A.

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Central Térmica Loma de la Lata S.A. (CTLLL)

Loan description

ICBC contributions to $52 million syndicated loan for Central Térmica Loma de la Lata S.A., 645 MW thermal generation plant in Argentina

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2014, Banco Hipotecario, BACS Banco de Crédito y Securitización, Industrial and Commercial Bank of China (ICBC) and Citibank signed a $52 million syndicated loan agreement with Central Térmica Loma de la Lata S.A. — a special purpose vehicle that is partly owned by Pampa Energía S.A responsible for the Loma de la Lata Thermal Power Plant ('CTLL'). The plant is located in the Province of Neuquén (close to one of Argentina’s largest gas fields bearing the same name as the plant) and has an installed capacity of 645 MW. The proceeds of the loan were to be used by the borrower to refinance part of its outstanding debt.

Staff comments

1. The exact size of ICBC’s contribution is unknown. For the time being, AidData assumes that all 4 members of the lending syndicate contributed equally ($13 million) to the $52 million loan.