Overview

ICBC Loans second $5,632,910.05 loan to Forespel in June 2015

Commitments (Constant USD, 2023)$5,893,141

Commitment Year•2015Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•EnergyFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 1, 2015

Stakeholders

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

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

Forespel Energia Renovável De Pellets S.A.

Loan description

ICBC Loans second $5,632,910.05 loan to Forespel in June 2015

Interest type•Unknown

Narrative

Full Description

Project narrative

In June 2015, the Industrial and Commercial Bank of China loaned $5,632,910.05 to Forespel Energia Renovauvel de Pellets S.A.The loan terms and use of the loan are unclear. The Central Bank of Brazil lists the registration of the loan as complete, however the current status is unclear.

Staff comments

This project should not be confused with another loan of the same amount and month (#60699).