Active Mixed AidData Chinese Aid

CNTIC pledges $184 million in commercial export credits for the construction of 150MW Cankiri Orta Bereket Thermal Power Station

$184M USD

Funder	China National Technical Import and Export Corporation (CNTIC)
Recipient Organization	Bereket Enerji Uretim AS
Country	Turkey
Start Date	Jan 01, 2014
End Date	Oct 27, 2027
Duration	5,047 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`41034`

Grant Description

CNTIC pledges $184 million in commercial export credits for the construction of 150MW Cankiri Orta Bereket Thermal Power Station In April 2010, Bereket Enerji contracted the Chinese firm Zhejiang Orient Engineering to construct the 150MW Cankiri Orta Bereket Thermal Power Station at a cost of $230 million USD.

Chinese Politburo member Li Changchun signed the agreement for the plant's development with Turkey's Deputy Prime Minister Ali Babacan. The plant would be fueled by a nearby lignite coal mine that the company would also develop.

One source states CNTIC pledged to provide 80% of the commercial cost of the contract ($184 million USD) through commercial export credits under Export-Import Bank of China guarantee. According to information available in the source, an official provision of credits agreement was still to be signed.

It was also reported that about 4-5 months were needed for the credits (with a grace period of 4-years) to be handed over before starting construction. Bereket Enerji stated that construction is planned to start in 2015 and end in 2017. However, as of December 2017 there are no reports that the power station ever began construction.

As of June 2019 there is no mention of the project on the Bereket Enerji website or Turkey's Energy Market Regulatory Authority website.

📋 Staff Comments

The Turkish name for the project is Çalık-NTF Elektrik A.Ş.’s Çankırı-Orta Thermal Power Plant Project.
It is not known whether an export credit agreement was ever signed and formally committed, so the commitment year estimated box has been checked for this project.
No additional sources indicate the pledged financing would be guaranteed by the Export-Import Bank of China, therefore AidData has not included China Eximbank as an accountable agency.

📚 Sources & References

June 27 2014-Çalık-NTF Elektrik A.Ş.’s Çankırı-Orta Thermal Power Plant Project
Cankiri Orta Anadolu power station, Çankırı Bereket power station
Slowing the Growth of Coal Power Outside China: The Role of Chinese Finance
Senior CPC official: 2010 important year for Sino-Turkish relations
SON DAKİKA! Çinliler Çankırı'da kömür santrali kuracak!
Orta Anadolu Termik Santral Projesi 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.

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Bereket Enerji Uretim AS

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