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

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.

Additional details

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 Project ID#42422). NCPE also implemented this project.

Number of official sources

3

Number of total sources

11