Project ID: 88003

Bank of China provides BRL 22 million loan for Luziânia Substation Expansion Project in October 2015

Commitment amount

$ 7410662.611669894

Adjusted commitment amount

$ 7410662.61

Constant 2021 USD

Summary

Funding agency [Type]

Bank of China (BOC) [State-owned Commercial Bank]

Recipient

Brazil

Sector

Industry, mining, construction (Code: 320)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

Yes

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

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2015-10-01

Geography

Description

In October 2015, Bank of China issued a loan worth BRL 22,000,000 (twenty-two million reais) with a 1-year maturity to Luziânia-Niquelândia Transmissora S.A. — a special purpose vehicle — for the Luziânia Substation Expansion Project. Furnas Centrais Elétricas S.A. issued a corporate guarantee in support of this loan. The loan was fully repaid. The purpose of the project was to expand the Luziânia Substation.

Number of official sources

2

Number of total sources

4

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Details

Cofinanced

No

Direct receiving agencies [Type]

Luziânia-Niquelândia Transmissora S.A. [Joint Venture/Special Purpose Vehicle]

Guarantee provider [Type]

Furnas-Centrais Eletricas S.A [State-owned Company]

Loan Details

Maturity

1 years

Bilateral loan

Investment project loan

Project finance

Short-term loan