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China Eximbank provides a $5.93 million export buyer's credit to equip Akangaran Hydropower Plant (Linked to Record ID#53683)
| 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 | Nov 20, 2028 |
| Duration | 8,183 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53684 |
Grant Description
China Eximbank provides a $5.93 million export buyer's credit to equip Akangaran Hydropower Plant On June 26, 2006, the Export-Import Bank of China and the National Bank for Foreign Economic Affairs of the Republic of Uzbekistan signed a loan for $5,909,200 in export buyer's credit for equipment delivery to a small 50 MW hydroelectric power plant (HPP) at the Akhangaran water reservoir.
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 Ahangaran Hydropower Plant was launched as a joint venture between China National Electric Equipment Corp (CNEEC) and the Uzbek Agriculture and Water Management Ministry in 2007. Based on this agreement, CNEEC was to provide equipment and assemble the plant. Under this same agreement, the Andijian Hydropower station was also initiated (Record ID#53683).
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 opens hydropower plant in Andijan
- Study on Intra-Regional Cooperation on Water and Power for Efficient Resources Management in Central Asia
- 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, О мерах по реализации инвестиционных проектов «Поставка оборудования из КНР для гэс-2 при Андижанском водохранилище» и «Поставка оборудования из КНР для МГЭС при Ахангаранском водохранилище
- 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' 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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