Loading grant details…
Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant
| Funder | Yunnan Overseas Investment Company |
|---|---|
| Recipient Organization | Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.) |
| Country | Equatorial Guinea |
| Start Date | Oct 29, 2010 |
| End Date | Oct 14, 2032 |
| Duration | 8,021 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 490 |
Grant Description
Yunnan Overseas Investment Company loans 1 billion Euros for 150MW Bata Natural Gas Power Plant On October 29th, 2010, Yunnan Overseas Investment Company, founded by the Yunnan Provincial Government. signed a Memorandum of Cooperation outlining a 1 billion Euro (approximately $1.3 billion USD) resource-backed loan for the 150MW Bata Natural Gas Power Plant Project with the Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.).
Equatorial Guinea's National Natural Gas Corporation will sell 1 billion Euros ($1.3 billion USD) worth of Liquefied Natural Gas (LNG) to China in order to repay the loan.
Sources & References
- http://www.sourcejuice.com/1396262/2010/11/05/Yunnan-sea-financing-billion-euros-investment-build-power-plant/, http://power.in-en.com/html/power-1110111069802930.html
- 云南海外投资公司将在赤道几内亚建电厂
- 云南省海外投资有限公司在赤道几内亚建电厂, http://global.factiva.com/redir/default.aspx?P=sa&an=PLATT00020101108e6b8000gr&cat=a&ep=ASE
- Yunnan Overseas Investment Co.
- Ltd. to Invest in Building a Power Plant in Equatorial Guinea
- Yunnan’s enterprises to help Guinea for constructions 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
Sociedad Nacional de Gas de Guinea Ecuatorial (SONAGAS, G.E.)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
