Overview

Chinese companies have plans to invest USD 350 million in multifunctional hydraulic dam project along the Yuna river

Commitments (Constant USD, 2023)$372,444,233

Commitment Year•2017Country of Activity•Dominican RepublicSector•EnergyFlow Type•Vague TBD

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 29, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Implementing agencies

State-owned companies

PowerChina Huadong Engineering Corporation Limited

Loan desecription

Chinese companies have plans to invest USD 350 million in multifunctional hydraulic dam project along the Yuna river

Narrative

Full Description

Project narrative

On 29 Sep 2017, during the China Expo event, Fu Xinrong, the representative from the Chinese Commercial Development Office in the Dominican Republic, revealed that state-owned Chinese companies have plans to invest up to USD 350 million (EUR 292.93 million) in a multifunctional hydraulic dam project along the Yuna River. No agreements have been signed between the two countries and little information is known about this pledge. According to the 2018 CGTN article, Power China is the Chinese company behind this plan. The dam would be utilized in energy creation through hydroelectricity and irrigation.

Staff comments

This project is coded as Vague (Official Financing), because the Chinese companies investing in the dam are state-owned (such as Power China), but the flow type is unknown.