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Spic Luxembourg Latin America Renewable Energy Investment Company S.À.R.L. provides $497,235,000 loan to UHE São Simão Energia S.A. for debt refinancing purposes (Linked to Record ID#60193)
| Funder | Spic Luxembourg Latin America Renewable Energy Investment Company S.À.R.L. |
|---|---|
| Recipient Organization | UHE São Simão Energia S.A. |
| Country | Brazil |
| Start Date | Nov 01, 2018 |
| End Date | Aug 18, 2033 |
| Duration | 5,404 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 105729 |
Grant Description
Spic Luxembourg Latin America Renewable Energy Investment Company S.À.R.L. provides $497,235,000 loan to UHE São Simão Energia S.A. for debt refinancing purposes On November 1, 2018, Spic Luxembourg Latin America Renewable Energy Investment Company S.À.R.L. and UHE São Simão Energia S.A. -- a special purpose vehicle and joint venture that is majority-owned by SPIC Brasil Energia Participações S.A. [51% equity stake] -- signed a $497,235,000 loan agreement for debt refinancing purposes.
UHE São Simão Energia S.A. is responsible for the São Simão Hydroelectric Power Plant, which is located on the border between the states of Minas Gerais and Goiás, between the municipalities of São Simão (GO) and Santa Vitória (MG).
Staff Comments
- Spic Luxembourg Latin America Renewable Energy Investment Company S.À.R.L. is a wholly-owned subsidiary of State Power Investment Corporation of China (SPIC).
- SPIC is a Chinese state-owned enterprise. It was the successor of China Power Investment Corporation after it was merged with the State Nuclear Power Technology Corporation (SNPTC) in 2015.
Sources & References
- Demonstrações Contábeis Individuais e Consolidadas SPIC Brasil Energia Participações S.A. 31 de dezembro de 2023 e 2022 com Relatório do Auditor Independente
- Parent Company and Consolidated Financial Statements SPIC Brasil Energia Participações S.A. December 31, 2020 with Independent Auditor’s Report
- Parent Company and Consolidated Financial Statements SPIC Brasil Energia Participações S.A. December 31, 2021 with Independent Auditor’s Report
- Pedido de anuência prévia da UHE São Simão Energia S.A. - São Simão para celebração de mútuo pecuniário com parte relacionada
- Demonstrações Contábeis - Exercícios findos em 31 de dezembro de 2021 e 2020 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
UHE São Simão Energia S.A.
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