Overview

ICBC provides $41.97 million loan to Ceylon Electricity Board for unspecified purposes

Commitments (Constant USD, 2023)$43,564,335

Commitment Year•2019Country of Activity•Sri LankaDirect Recipient Country of Incorporation•Sri LankaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 2, 2019

Last repayment (originally scheduled): Mar 30, 2026

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 Commercial Banks

Industrial and Commercial Bank of China (ICBC)

Receiving agencies

State-owned companies

Ceylon Electricity Board

Implementing agencies

State-owned companies

Ceylon Electricity Board

Loan description

ICBC provides $41.97 million loan to Ceylon Electricity Board for unspecified purposes

Interest type•UnknownMaturity•6.75 years

Narrative

Full Description

Project narrative

On July 2, 2019, ICBC issued a $41.97 million loan to Ceylon Electricity Board — a Sri Lankan state-owned enterprise — for unspecified purposes. The loan’s final maturity date is April 23, 2026. Its outstanding amount was $26.53 million as of December 31, 2021, $26.53 million as of December 31, 2022, and $26.53 million as of December 31, 2023.