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Overview

ICBC (Argentina) provides ARS 500 million to Central Térmica Loma de la Lata S.A.

Commitments (Constant USD, 2023)$36,951,711
Commitment Year•2016Country of Activity•ArgentinaDirect Recipient Country of Incorporation•ArgentinaOverseas Jurisdiction•ArgentinaSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Nov 11, 2016
Last repayment (originally scheduled)
Dec 31, 2016

Geospatial footprint

Map overview

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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 (Argentina) Limited (ICBC (Argentina))

Receiving agencies

Joint Venture/Special Purpose Vehicles

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

Loan description

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

Grant element•0%Interest rate (t₀)•20%Interest type•Fixed Interest RateMaturity•1 years

Narrative

Full Description

Project narrative

On November 11, 2016, ICBC (Argentina) agreed to a loan worth ARS 500 million with Central Térmica Loma de la Lata S.A. — a special purpose vehicle that was partly owned by Pampa Energía S.A. The loan's interest rate was set at 20% with 1-year maturity (maturing on November 11, 2017). The proceeds were unspecified purposes. 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.