Completed Mixed AidData Chinese Aid

CNMIEC provides $188.1 million supplier’s credit for 2x125 MW Barapukuria Coal-Fired Power Plant Project (Linked to Record ID#34237 and #52735)

$188.1M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Bangladesh
Country	Bangladesh
Start Date	Jun 30, 2001
End Date	Jun 11, 2029
Duration	10,208 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`33957`

Grant Description

CNMIEC provides $188.1 million supplier’s credit for 2x125 MW Barapukuria Coal-Fired Power Plant Project On June 30, 2001, China National Machinery Import and Export Corporation (CMC) provided a $188.1 million supplier’s credit to the Government of Bangladesh for the 2x125 MW Barapukuria Coal-Fired Power Plant Project.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: a 15-year maturity

📅 Maturity15 years

⏳ Grace Period3 years

💹 Interest Rate3.5%

The Government of Bangladesh issued a sovereign guarantee for this loan on September 8, 2002. CMC secured the funding to provide the supplier’s credit from an export seller’s credit from China Eximbank.

According to the Government of Bangladesh’s Economic Relations Division (ERD), the supplier’s credit had achieved a 99.9% disbursement rate ($187.92 million out of $188.1 million) and $124.126 million had been repaid to the creditor as of June 30, 2014, June 30, 2018, and June 30, 2021. The purpose of the project was to build a 2x125 MW coal-fired power plant in Barapukuria.

CMC was the contractor responsible for project implementation. Construction began in November 2002.

The first power generation unit was successfully put into operation in mid-November 2005, and the second power generation unit was put into operation in 2006. The project was ultimately completed by March 27, 2006.

📋 Staff Comments

The Government of Bangladesh’s loan identification number for this supplier's credit is S1120010630a.
Some sources indicate that the contractor responsible for project implementation was China National Electric Wire & Cable Import/Export Corporation (CNMIEC) rather than CMC. China National Electric Wire & Cable Import/Export Corporation is now known as China National Cable Engineering Corporation. This issue warrants further investigation.

📚 Sources & References

中国驻孟郑清典大使夫妇、林维强商务参赞走访巴拉普库利亚煤矿及电站
中国驻孟加拉国大使郑清典考察巴拉普库利亚煤矿、电站项目
COMMITMENT
DISBURSEMENT AND REPAYMENT OF SUPPLIERS'/BYERS CREDIT (ACTIVE)
COMMITMENT
DISBURSEMENT AND REPAYMENT OF SUPPLIERS'/BYERS CREDIT (ACTIVE)
Statement VIA Loans & Advances and Other Operating Expenditure
Agreements/MoUs between Bangladesh countries of Far East
COMMITMENT
DISBURSEMENT AND REPAYMENT OF SUPPLIERS'/BYERS CREDIT (ACTIVE)
COMMITMENT
DISBURSEMENT AND REPAYMENT OF SUPPLIERS'/BYERS CREDIT (ACTIVE) Upto 30 June 2014
Table-7.3 COMMITMENT
DISBURSEMENT AND REPAYMENT OF OTHERS EXTERNAL LOANS (ACTIVE) Upto 30 June 2024
China National Energy Engineering & Construction Co.,Ltd.
三十年了！中机在孟加拉做了什么？
COMMITMENT
DISBURSEMENT AND REPAYMENT OF SUPPLIERS'/BYERS CREDIT (ACTIVE)
CMC leaders met with the visiting agent of Bangladesh Barapukuria Coal Mine & Power Plant Projects
Dhaka-Beijing.
CMC continues to explore opportunities in Bangladesh
China-Loan
Natural Radioactivity of Feed Coal and Its by-products in Barapukuria 2×125 MW Coal Fired Thermal Power Plant
Dinajpur
Bangladesh
上海电站设备走出国门首次出口孟加拉国
Slowing the Growth of Coal Power Outside China: The Role of Chinese Finance
A Resurgent China: South Asian Perspectives
List of Guarantee (Valid beyond 30 June, 2022) 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.