China Eximbank provides loan to EDIFRE for 40 Solar Farms Project
Commitment amount
$ 13828057.884251684
Adjusted commitment amount
$ 13828057.88
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Cuba
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In 2017, China Eximbank agreed to provide a 12 million peso loan (approximately $480,000 USD) to EDIFRE, a Cuban state engineering company, for the construction of 40 solar farms in the Sancti Spirítus province, totaling 100 MW of photovoltaic installations. The loan terms are unclear. The Electric Company of Sancti Spirítus is the contractor for this endeavor. The known solar farms are as follows: Guane-Mantua: 4 MW Pinar 220A: 4 MW Yaguaramas: 5 MW Morón: 5 MW Miramar: 3 MW Guasimal: 4.4 MW Yaguajay: 2.2 MW Arroyo Blanco: 2.2 MW In 2017, construction began on a 4.4 MW solar PV plant in the Guasimal, Sancti Spiritus province. The plant was completed and officially powered "on" in March, 2018. As of 2018, plans to install another six parks in Sancti Spíritus are in motion. Two of these will be located in Yaguajay and Arroyo Blanco and will have an installed capacity of 2.2 MW each.
Additional details
According to a Korean Government report on Cuba's renewable energy sector, this project is separate from the solar farms projects financed by MOFCOM and CDB in 2015, captured in project #54762 and #54761 respectively.
Number of official sources
2
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Renewable Energy Sources Investment Company (EDIFRE) [State-owned Company]
Implementing agencies [Type]
Empresa Eléctrica Sancti Spíritus [State-owned Company]