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Overview

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

Commitments (Constant USD, 2023)$6,908,306
Commitment Year•2015Country of Activity•BrazilDirect Recipient Country of Incorporation•BrazilSector•Industry, Mining, ConstructionFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 1, 2015
Last repayment (originally scheduled)
Jan 1, 2016

Geospatial footprint

Map overview

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The Bank of China provided a loan for Luziânia Substation Expansion Project. More detailed locational information can be found at: https://www.openstreetmap.org/way/259425260

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownershipAt least 25% Chinese ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Receiving agencies

Joint Venture/Special Purpose Vehicles

  • Luziânia-Niquelândia Transmissora S.A.

Guarantors

State-owned companies

  • Furnas-Centrais Eletricas S.A.

Loan description

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

Interest type•UnknownMaturity•1 years

Narrative

Full Description

Project narrative

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.