China Development Bank, Bank of China, China Eximbank, and ICBC pledge $12 billion to Indian Reliance Power (Linked to Record ID#54362)

$12M USD

Funder	Bank of China (BOC)\|China Development Bank (CDB)\|Export-Import Bank of China (China Eximbank)\|Industrial and Commercial Bank of China (ICBC)
Recipient Organization	Reliance Power Limited
Country	India
Start Date	Oct 01, 2010
End Date	Jan 21, 2031
Duration	7,417 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`43106`

Grant Description

China Development Bank, Bank of China, China Eximbank, and ICBC pledge $12 billion to Indian Reliance Power In October 2010, China Development Bank, Bank of China, China Eximbank, and ICBC signed MoUs with Reliance Power Limited (R-Power) worth $12 billion.

These credit lines were meant to fund the purchase of Chinese equipment (Boilers, Generators, and Turbine Procurement) from Shanghai Electric and support the construction of energy projects in India.

One of the projects supported under this agreement is the Sasan Ultra Mega Power Project (SUMPP) located in Madhya Pradesh (see Record ID#54362).

📚 Sources & References

Reliance Power
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Media release
December 15, 2010
Media release
December 15, 2010 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.