CDB loans $185 million for 115MW Delsitanisagua Hydroelectric Power Plant (linked to #35950, #69319)

In October 2011, the China Development Bank agreed to loan $185 million for the Delsitanisagua Hydroeletric Power Plant. The project was funded through a 2011 China Development Bank loan of $2,052,360,403.03 (Project ID#35930), specifically through the $1.4 billion discretionary component (Tranche A; Project ID#69319). The loan terms of Tranche A have been applied to this project. According to report from HydroChina Huadong Engineering Corporation in 2013, the financing model adopted is that of a resource-backed loan ("资源换贷款融资一揽子框架"). The financing provided is 60% of the total contract. The Government of Ecuador signed a $215 million contract with Hydrochina for the construction of the power plant. Also, Corporación Eléctrica del Ecuador (CELEC) signed a EPC contract with Hydrochina Corporation for the construction. The original estimated cost for the project was $216 million; the estimated final cost was $335 million. Construction began in November 2011, and the project was reported as 80% completed in January 2017. On 21 December 2018, the Delsitanisagua Hydroelectric Power Plant was inaugurated, according to a press release. The Chinese project name for Delsitanisagua Hydropower Plant is 德尔西水电站.

Additional details

This project is funded through Tranche A of the 2011 $2 billion CDB loan (Project ID#69319). To ensure we are not double-counting Chinese OF, the transaction amount field is left empty. The amount is captured in Project ID#69319.

Number of official sources

5

Number of total sources

10