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
Project lifecycle
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
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