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China Eximbank issues $323.8 million preferential buyer’s credit to support Power Distribution System for the Belarusian Nuclear Power Plant (BNPP) Project (Linked to Record ID#67001)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Belarus |
| Country | Belarus |
| Start Date | Jul 16, 2013 |
| End Date | Feb 18, 2031 |
| Duration | 6,426 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 42422 |
Grant Description
China Eximbank issues $323.8 million preferential buyer’s credit to support Power Distribution System for the Belarusian Nuclear Power Plant (BNPP) Project On July 16, 2013, China Eximbank and the Government of Belarus signed a $323,817,000 preferential buyer’s credit (PBC] agreement [CHINA EXIMBANK No.
PBC (2013) 28 (272)] to support the Power Distribution System for the Belarusian Nuclear Power Plant (BNPP) Project. The PBC carries a 15-year maturity. Its interest rate and grace period are unknown.
The proceeds of the PBC were to be used by the borrower to finance 95% of the cost ($340.86 million) of a commercial contract between RUE Grodnoenergo (РУП "Гродноэнерго”) and North China Power Engineering Co Ltd. (a subsidiary of China Power Engineering Consulting Group Co Ltd.).
The purpose of this project was to construct 1,032.5 km of new 330 kV overhead transmission lines and reconstruct 672.4 km of existing 110-330 kV transmission lines.
It involved the construction of six major transmission lines from the BNPP in Astravyets District within the Grodno Region (locational coordinates: 54°45′40″N 26°5′21″E): BNPP to Smorgon, BNPP to Minsk-Severnaya, BNPP to Postavy No. 1, BNPP to Postavy No. 2, BNPP to Molodechno, and BNPP to Columns.
It also involved reconstruction of four substations and the construction of a new 330 kV Pastvy substation.
North China Power Engineering Co Ltd. — a subsidiary of China Power Engineering Consulting Group Co Ltd. — was the EPC contractor responsible for implementation. The project was commenced on March 3, 2014.
In August 2017, the 330 kV Pastvy substation, which located in the northern state of Pastvy, was put into operation, delivering 110 kV of power to the states of Grodno, Vitebsk and Minsk. It connects the first nuclear power station in Belarus and the Ignalina Nuclear Power Station in Lithuania.
Then, on December 5, 2018, voltage was applied to the 330 kV gas insulated switchgear (GIS) from the first external line Postavy-1.
Then, between July 18, 2019 and July 20, 2019, the equipment of the GIS-330 kV NPP was energized, the high-voltage 330 kV transmission line from BNPP to Minsk Severnaya (which received supplemental funding from China Eximbank, as captured in Record ID#67001) was put into operation, and the high-voltage 330 kV transmission line from BNPP to Minsk Smorgon was put into operation.
The project was officially completed on December 29, 2018.
However, one project milestone occurred after the project’s official completion date: the commissioning of a seventh and final transmission line from BNPP to Ross on October 3, 2020.
Staff Comments
- This project is also known as the Belarusian Nuclear Power Plant to National Grid Transmission Line Project. The Russian project title is проекта «Строительство АЭС в Республике Беларусь. Выдача мощности и связь с энергосистемой» or Проект по обеспечению выдачи мощности Белорусской АЭС и связи с энергосистемой.
- The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020.
- The BNPP is also known as the Astravets Nuclear Power Plant.
Sources & References
- Belarus – China: strategic uncertainty
- Read full text at: http://eng.belta.by/economics/view/belarus-china-closer-to-nuclear-station-power-line-loan-22835-2013 If you use BelTA’s materials, you must credit us with a hyperlink to eng.belta.by.
- 崔启明大使出席白俄罗斯核电输出线路和电力联网项目奠基仪式
- Investment activity in the Republic of Belarus, Об уточнении отдельных показателей республиканского бюджета на 2018 год, Об утверждении перечня финансируемых за счет внешних государственных займов и внешних займов, привлеченных под гарантии Правительства Республики Беларусь, инвестиционных проектов и предназначенных для реализации таких проектов технологического оборудования и запасных частей к нему, которые при ввозе на территорию Республики Беларусь освобождаются от таможенных пошлин и налога на добавленную стоимость
- China signs cooperation agreements with Belarus
- Belarus and China intend to jointly build energy facilities in third countries
- Large-scale reform awaits the Belarusian energy system ahead of the launch of common energy markets in the EAEU
- Power distribution system of Belarusian NPP complete, ПЕРЕЧЕНЬвнешних государственных займов, обслуживание и погашение которых осуществляются с привлечением средств республиканского бюджета ( LIST of external government loans, servicing and repayment of which are carried out with the involvement of funds from the republican budget)
- BARINOV_V_V_SXEMA_VIDASCHI_MOSCHNOSTI_BELAES_ESTR_5_2016, Включена в работу седьмая высоковольтная линия электропередачи, связывающая БелАЭС с энергосистемой, Реализация проекта строительства АЭС в Республике Беларусь, Как БелАЭС готовится к интеграции в энергосистему, Система выдачи мощности БелАЭС будет достроена до конца 2018 года
- 从两会“如期”召开看百年大党的执政能力
- Chinese money connects Lithuania to Belarus' nuclear plant – LRT Investigation, Постановление Совета Министров Республики Беларусь от 09.07.2013 № 598 'О проведении переговоров по проекту Кредитного соглашения между Правительством Республики Беларусь и Экспортно-импортным банком Китая и его подписании'
- Belarus
- China agree on loan agreement for nuclear plant power lines
- China's Overseas Development Finance 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 Belarus
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