China Development Bank lends $150 million for 8 Photovoltaic Energy Projects
Commitment amount
$ 177120676.25377008
Adjusted commitment amount
$ 177120676.25
Constant 2021 USD
Summary
Funding agency [Type]
China Development Bank (CDB) [State-owned Policy Bank]
Recipient
Cuba
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On February 5, 2016, the China Development Bank (CDB) reportedly agreed to issue loans for the installation of photovoltaic facilities at eight Cuban solar farms, amounting to 100 MW in capacity. The borrowing terms are unknown. The CDB-financed projects included: - Province: Pinar del Rio; Park: Troncoso 2; Power capability MW: 1,4 - Province: Santiago de Cuba; Park: II Frente Mayarí- 2; Power capability MW: 2,4 - Province: Guantánamo; Park: La Yaya; Power capability MW: 1,2 - Province: Guantánamo; Park: Santa Teresa IV; Power capability MW: 1,4 - Province: Granma; Park: Guamo Viejo; Power capability MW: 1,2 - Province: Granma; Park: Yarey 2; Power capability MW: 2,4 - Province: Camagüey; Park: Lugareño; Power capability MW: 2,5 - Province: Camagüey; Park: Lesca; Power capability MW: 2,5
Additional details
1. The Knowledge Sharing Program source is from 2016-2017. The Chinese Embassy source is from 2015. The financial commitment (transaction) year is uncertain but is likely 2015 on 2016. One source says the actual agreement was signed in February 2016. This issue warrants further investigation
Number of official sources
4
Number of total sources
10
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Cuba [Government Agency]