Active Mixed AidData Chinese Aid

China pledges 23.8 MM USD Loan to Purchase Turbines for Tarija Wind Farm

$23.8M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Bolivia
Country	Bolivia
Start Date	Jan 01, 2012
End Date	May 13, 2031
Duration	7,072 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`36027`

Grant Description

China pledges 23.8 MM USD Loan to Purchase Turbines for Tarija Wind Farm In 2012, China announced its intention to finance a 50MW wind farm in Tarija.

It was to be developed by Chinese firm Sinomach, with 85% of the project's financing coming from the China Exim Bank, and the remaining 15% of the project to be paid for by the government of Tarija. The wind farm was expected to be completed by 2014, after an investment of $28 million.

The first wind farm in Bolivia, constructed by Hydrochina Corporation (a Chinese firm), was officially opened by president Evo Morales at the beginning of 2014.

📋 Staff Comments

$28 million USD total investment and China will finance 85% of it so China will invest roughly 23,800,000 (28 x 0.85). Possibly overlaps with the Qollpana Wind Farm EPC, which was carried out by a Chinese company but not necessarily funded by Chinese entities (See #36305). Because China Exim Bank is provided 85% of the financing, the facility was probably in export credits. This lead to a change in Flow Class, Intent, and Flow Type. The description was modified to reflect this change. It was previously coded as just a loan.

📚 Sources & References

Chinese machinery giant to build Bolivia's first wind farm
En Tarija inauguran primera torre para medición de viento
BOLIVIA: The first wind farm in Bolivia, constructed by a Chinese firm, has been officially opened by president Evo Morales
Are Big Chinese Energy Investments in Latin America a Concern?
En Tarija inauguran primera torre para medición de viento 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

Government of Bolivia

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