Project ID: 54587

ICBC loan of Ps. 500 million to Central Térmica Loma de la Lata S.A., a 645 MW thermal generation plant

Commitment amount

$ 40003561.453828566

Adjusted commitment amount

$ 40003561.45

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Argentina

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

Yes

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-11-11

Geography

Description

On November 11, 2016, the ICBC agreed to a loan worth Ps. 500 million with Argentine firm Central Térmica Loma de la Lata S.A. The loan's interest rate was set at 20% with 1-year maturity (maturing on November 11, 2017). Central Térmica Loma de la Lata S.A. is a thermal generation plant located in the Province of Neuquén (close to one of Argentina’s largest gas fields bearing the same name as the plant) with an installed capacity of 645 MW.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Central Térmica Loma de la Lata S.A [Private Sector]

Loan Details

Maturity

1 years

Interest rate

20.0%

Grant element (OECD Grant-Equiv)

0.0%

Bilateral loan

Investment project loan

Short-term loan