Chinese companies have plans to invest USD 350 million in multifunctional hydraulic dam project along the Yuna river
Pledged amount
$ 403318354.95734084
Adjusted pledged amount
$ 403318354.95734084
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Dominican Republic
Sector
Energy (Code: 230)
Flow type
Vague TBD
Infrastructure
Yes
Category
Project lifecycle
Description
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.
Additional details
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.
Number of official sources
0
Number of total sources
3
Details
Cofinanced
No
Implementing agencies [Type]
PowerChina Huadong Engineering Corporation Limited [State-owned Company]