CDB loans $41.6 million for Mazar-Dudas Hydroelectric Plant (linked to #35930, #69319)

In 2011, the China Development Bank signed a 41.6 million USD loan agreement with the Ecuadorian government to construct the Mazar-Dudas Hydroelectric plant. According to a Boston University publication and “Resource-Backed Loans: Pitfalls and Potential”, this project was funded through a 2011 China Development Bank loan of $2,052,360,403.03 (Project ID#35950), 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. While the estimated original costs were 50 million USD, the estimated final costs were 83 million USD. The China National Electric Engineering Co. (CNEEC) implemented the project, and it was completed on April 30, 2015.

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

2

Number of total sources

6