Project ID: 69894

Chinese Government provides loan for 20MW Bioelectric Power Plant Project Attached to the Héctor Rodríguez Sugar Mill

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cuba

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2016-01-01

Actual start

2020-07-06

Geography

Description

In 2016, the Chinese Government committed to a loan for the construction of a 20MW bioelectric plant attached to the Héctor Rodríguez sugar mill in Villa Clara to be run by AZCUBA, the umbrella organization leading the Cuban sugar industry. The face value and terms of the loan are unknown. All Cuban companies that deal with the production of sugar, sugar by-products(or bagasse), and electricity are managed by AZCUBA. On July 6, 2020, a news source indicated that plant construction commenced.

Additional details

This is similar to the bioelectric plant from #69924--which is a separate plant.

Number of official sources

2

Number of total sources

6

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Details

Cofinanced

No

Direct receiving agencies [Type]

AZCUBA [State-owned Company]

Implementing agencies [Type]

AZCUBA [State-owned Company]

Loan Details

Bilateral loan

Investment project loan