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Overview

China Eximbank provides $19.55 million preferential buyer’s credit for 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project

Commitments (Constant USD, 2023)$18,027,869
Commitment Year•2021Country of Activity•BelarusDirect Recipient Country of Incorporation•BelarusSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Aug 27, 2021

Geospatial footprint

Map overview

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China Eximbank provided a preferential buyer’s credit for 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project. More detailed locational information can be found at: https://www.openstreetmap.org/way/368509885 and https://www.openstreetmap.org/way/271034506

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 ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Belarus Ministry of Finance

Implementing agencies

State-owned companies

  • North China Power Engineering Co, Ltd

Loan description

China Eximbank provides $19.55 million preferential buyer’s credit for 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On August 27, 2021, China Eximbank and the Ministry of Finance of the Republic of Belarus signed a $19.55 million preferential buyer’s credit (PBC) agreement [CHINA EXIMBANK PBC NO. (2021) 1 TOTAL NO. (508)] for the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project. The PBC carries a 9-year maturity length, but its grace period and interest rate are unknown. The proceeds of the PBC are to be used by the borrower to partially finance a commercial contract with North China Power Engineering Co., Ltd. (NCPE). The purpose of the project is to reconstruct the 220kV Stolbtsy (Столбцы) substation and construct a 330kV transmission line that runs from the Stolbtsy (Столбцы) substation to the Baranovichi (Барановичи) substation. The ultimate objective of the project is to evacuate power from the Belarusian Nuclear Power Plant (BNPP). NCPE — a subsidiary of China Power Engineering Consulting Group — is the EPC contractor responsible for implementation.

Staff comments

1. This project is also known as the Third and Fourth Phases of the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project and the 3rd and 4th Stages of the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project. The Russian project title is проекта «Реконструкция ПС 220 кВ Столбцы с переводом на напряжение 330 кВ и строительством ВЛ 330 кВ Столбцы — Барановичи» (строительство 3-й и 4-й очередей) or «Реконструкция ПС 220 кВ Столбцы с переводом на напряжение 330 кВ и строительством ВЛ 330 кВ Столбцы – Барановичи». 2. On July 16, 2013, China Eximbank and the Government of Belarus signed a $323,817,000 preferential buyer’s credit (PBC] agreement [CHINA EXIMBANK No. PBC (2013) 28 (272)] to support the Power Distribution System for the Belarusian Nuclear Power Plant (BNPP) Project (as captured via Record ID#42422). NCPE also implemented this project.