CNEEC signs MoU for $500 million Dnistrovska hydroelectric pumped storage plant
Pledged amount
$ 544924873.9393383
Adjusted pledged amount
$ 544924873.9393383
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
Ukraine
Sector
Industry, mining, construction (Code: 320)
Flow type
Loan
Level of public liability
Private debt
Infrastructure
Yes
Category
Project lifecycle
Description
On November 8, 2018, a Memorandum of Understanding (MoU) was signed between China National Electric Engineering Company (CNEEC) and Ukrhydroenergo for the expansion project of the Dnistrovska hydroelectric pumped storage plant in Ukraine. According to Interfax Ukraine and Steel Guru, the project is to be financed through a loan covering the entirety of the reported cost, $500 million USD, and the interest would not exceed 4.5% per annum. However, it is unclear whether a formal loan agreement was ever signed.
Number of official sources
1
Number of total sources
5
Details
Cofinanced
No
Direct receiving agencies [Type]
Ukrhydroenergo [Private Sector]
Implementing agencies [Type]
China National Electric Engineering Co., Ltd. (CNEEC) [State-owned Company]
Loan Details
Interest rate
4.5%