Project ID: 69921

Chinese Government provides loan for 60MW Uruguay Bioelectric Plant Project

Summary

Funding agency [Type]

Unspecified Chinese Government Institution [Government Agency]

Recipient

Cuba

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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

Geography

Description

In 2016, the Chinese Government provided a Preferential Buyer's Credit (PBC) loan to the Cuban Government for the construction of a new bioelectric plant with a capacity of 60MW. The plant is to be implemented in the Uruguay sugar mill located in the in Sancti Spíritus province and the Jatibonico municipality. Similarly to other Cuban bioelectric plants, this project is to be managed by the Cuban bioelectric umbrella group AZCUBA. A 2018 source that studies renewable energy efforts in Cuba mentioned that the aforementioned plant will only have a capacity of 50MW installed. A media source from December 27, 2020, has said that the plant is one of the most efficient in Cuba and it has already begun harvesting the 2020-2021 yield. However, the source does not indicate whether or not the project was completed.

Additional details

This project's status has been assigned as Pipeline: Commitment, because as of December 2018, this project was still in a "contract phase" (See: ENERGIEEFFIZIENZ UND ERNEUERBARE ENERGIEN IN DER KUBANISCHE ZUCKER INDUSTRIE and Evaluación multicriterio de proyectos energéticos renovables en Sancti Spíritus, Cuba).

Number of official sources

2

Number of total sources

5

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Cuba [Government Agency]

Implementing agencies [Type]

AZCUBA [State-owned Company]

Loan Details

Bilateral loan

Export buyer's credit

Investment project loan

Preferential Buyer's Credit