Completed Mixed AidData Chinese Aid

China Eximbank provides $10 million loan for Andijan Hydropower Plant (Linked to Record ID#53684)

$10.03M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)
Country	Uzbekistan
Start Date	Jun 26, 2006
End Date	Jun 27, 2029
Duration	8,402 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`53683`

Grant Description

China Eximbank provides $10 million loan for Andijan Hydropower Plant On June 26, 2006, the Export-Import Bank of China provided a $10,030,000 loan in export buyer's credits to the Government of Uzbekistan for the construction and delivery of equipment to the Andijan Hydropower Plant in Andijan.

📋 Loan / Grant Terms

💰 Loan Amountcarried the following terms: 15 year maturity

📅 Maturity15 years

⏳ Grace Period5 years

💹 Interest Rate3.5%

This loan received a sovereign guarantee from the Government of Uzbekistan.

The National Bank for Foreign Economic Affairs of the Republic of Uzbekistan then used the proceeds of this loan to on-lend to an entity called "Специализированнымобъединением «Узсувэнерго»".

The plant was the result of a joint venture between the Uzbek Agriculture and Water Management Ministry and the China National Electric Equipment Corp (CNEEC), which signed an agreement in 2007 to build one hydropower station each in Andijan and Akhangaran (See Record ID#53684). Based on this agreement, CNEEC agreed to provide equipment and execute the assembly of the plants.

The Andijan Hydropower Plant has a capacity of 50MW and it opened in 2010. Its designed capacity is 171.1 million kilowatts-hours of electricity. The total cost of the project was $28.5 million.

📋 Staff Comments

The Russian project title is Поставка оборудования из КНР для МГЭС при Ахангаранском водохранилище.

📚 Sources & References

Energy Demand/Supply Balance and Infrastructure Constraints Diagnostics Study
Uzbekistan commissions Andijan station
The New Great Walls A GUIDE TO CHINA’S OVERSEAS DAM INDUSTRY
Uzbekistan opens hydropower plant in Andijan
Republic of Uzbekistan : Poverty Reduction Strategy Paper
ENHANCING THE EFFICIENCY OF POWER SUPPLY TO THE CONSUMERS IN RURAL AND REMOTE AREAS BY PROVIDING THE ACCESS TO ENERGY RESOURCES AND SERVICES
AND BY IMPLEMENTING THE ADVANCED TECHNOLOGIES IN THE RENEWABLE ENERGY SECTOR IN UZBEKISTAN
Chinese “Eximbank” finances hydroelectric station construction in Uzbekistan, ОБ ИНВЕСТИЦИОННОЙ ПРОГРАММЕ РЕСПУБЛИКИ УЗБЕКИСТАН НА 2008 ГОД
ON MEASURES FOR THE IMPLEMENTATION OF INVESTMENT PROJECTS 'SUPPLY OF EQUIPMENT FROM PRC FOR HEPP-2 AT THE ANDIZHAN RESERVOIR' AND 'SUPPLY OF EQUIPMENT FROM PRC FOR SHPP AT AKHANGARAN RESERVOIR'
Reservoirs in Uzbekistan 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

National Bank for Foreign Economic Activity of the Republic of Uzbekistan (NBU)

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