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BOCOM provides RMB 1 billion loan to UHE São Simão Energia S.A. for debt refinancing purposes (Linked to Record ID#60193)
| Funder | China Bank of Communications (BoCom or BoComm) |
|---|---|
| Recipient Organization | UHE São Simão Energia S.A. |
| Country | Brazil |
| Start Date | Oct 16, 2023 |
| End Date | Mar 27, 2033 |
| Duration | 3,450 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 106437 |
Grant Description
BOCOM provides RMB 1 billion loan to UHE São Simão Energia S.A. for debt refinancing purposes On October 16, 2023, Bank of Communications (BOCOM) 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 an RMB 1 billion loan agreement for debt refinancing purposes.
The borrower is responsible for repaying the loan in semi-annual installments.
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).
Sources & References
- 中资银行助力巴西市场首笔跨境人民币商业贷款落地
- SPIC Brasil anuncia transação financeira no mercado brasileiro
- Demonstrações Contábeis Individuais e Consolidadas SPIC Brasil Energia Participações S.A. 31 de dezembro de 2023 e 2022 com Relatório do Auditor Independente 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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