Project ID: 73198

Chinese Banks Provide 427 Million RMB for Lightway Solar Romanian Photovoltaic Plant Investment (Linked to Project #66683)

Commitment amount

$ 78337315.99226262

Adjusted commitment amount

$ 78337315.99

Constant 2021 USD

Summary

Funding agency [Type]

Unspecified Chinese Bank [State-owned Commercial Bank]

Recipient

Romania

Sector

Energy (Code: 230)

Flow type

Vague TBD

Infrastructure

No

Category

Intent

Commercial (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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2013-01-01

Description

In 2013, Lightway Solar, a Chinese manufacturer of photovoltaic products, plans to invest 610 Million RMB into a series of photovoltaic plants with a capacity of 50MW in Prundu, Giurgiu County, Romania. The company has secured approval from China’s Development and Reform Commission (NDRC) for the project development. NDRC, in its statement, said that 30% of the investment (183 Million RMB) would be provided by the company, while the remaining (427 Million RMB) should be gained through credit facilities from banks. The 183 Million RMB from Lightway Solar is coded in Project #66683 and the 427 Million RMB from Chinese banks has been coded in Project #73198.

Additional details

As it is unclear which banks will provide the 427m RMB, and whether they will be private or state-owned, the flow class for this project has been coded as Vague (Commercial)

Number of official sources

0

Number of total sources

5

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

Lightway Solar [Private Sector]