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China Eximbank provides RMB 325.87 million government concessional loan for 65MW Minsk Thermal Power Plant (TPP) No. 2 Reconstruction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Belarus |
| Country | Belarus |
| Start Date | Jul 16, 2007 |
| End Date | Mar 11, 2031 |
| Duration | 8,639 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 43260 |
Grant Description
China Eximbank provides RMB 325.87 million government concessional loan for 65MW Minsk Thermal Power Plant (TPP) No. 2 Reconstruction Project On July 16, 2007, China Eximbank and the Government of the Republic of Belarus — represented by the Ministry of Finance of Belarus — signed an RMB 325.87 million government concessional loan (GCL) agreement [CHINA EXIMBANK No.
GCL (2007) 022 (193)] for the 65MW Minsk Thermal Power Plant (TPP) No. 2 Reconstruction Project.
The proceeds of the GCL were to be used by the borrower to finance a commercial contract with China National Corporation for Overseas Economic Cooperation (CCOEC), which was signed in January 2007. The loan was to be serviced by Belpromstroybank.
This project involved the installation of two steam gas blocks — with 32.5 MW of power generation capacity — in order to renovate TPP No. 2 in the city of Minsk. CCOEC and Minskenergo RUE (a Belarusian state-owned power company) were responsible for implementation. The project commenced in 2007 and the renovated plant was put into operation on June 30, 2011.
Staff Comments
This project is also known as the Minsk CHP Plant No. 2 Reconstruction Project and the Minsk TPP-2 Reconstruction Project. The Russian project title is Модернизация Минской ТЭЦ-2 or Реконструкция Минской ТЭЦ-2 or Минские тепловые сети ТЭЦ-2. The Chinese project title is 明斯克2号热电站改造项目 or 白俄罗斯明斯克2号热电站改造项目. 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.
Sources & References
- Revamped Minsk CHP plant No. 2 to ramp up energy production
- Belarus’ Minskenergo takes over soft loan from China Exim Bank, Об уточнении отдельных показателей республиканского бюджета на 2018 год
- Ambassador Cui Qiming inspects the Minsk No. 5 thermal power station renovation project
- Investment activity in the Republic of Belarus
- Belarus
- China Exim Bank sign $1bn loan agreements to finance joint projects
- Economic cooperation between Republic of China and Republic of Belarus in the context of implementing the One Belt
- One Road Foreign Economic Strategy, 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)
- Minsk Heat Networks
- 白俄罗斯明斯克2号热电站改造项目
- 中国开通明斯克2号热电站改造项目贷款通道
- 白俄罗斯官员称中白电力合作项目高效实施
- Minskenergo history reference, Соглашение Правительства Республики Беларусь от 5 декабря 2005 г. 'Рамочное соглашение между Правительством Республики Беларусь и Правительством Китайской Народной Республики о предоставлении льготного кредита Китайской Народной Республикой Республике Беларусь'
- Belarus-China trade may exceed pre-crisis level in 2010
- Minsk No.2 Thermal Power Plant Rehabilitation Project in Belarus (abbreviated as Minsk 2 Project)
- 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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