[Cancelled] China Eximbank loans $126 million for Bushat hydro power station in Albania (Linked to Record ID#42282 and #66088)

[Cancelled] China Eximbank loans $126 million for Bushat hydro power station in Albania On February 8th, 2001 Albania and the China EXIM Bank signed an export buyer’s credit contract for an export buyer's credit (loan) worth US $126 million" to construct the Bushat Hyrdropower plant along the Drin River in Albania.

According to reports, the construction of the Boshat Hydropower Project is another large-scale hydropower project undertaken by China Hydropower Corporation in the form of export buyer’s credit. The total project contract amounted to more than 100 million US dollars and the construction period was 4-years.

The Export-Import Bank of China provided a buyer's credit loan for the project, the loan amount was 80% of the contract amount, and the Arab side raised 15% of its own funds. 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.