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CDB Loans $600 million USD to Lanco Infratech for Anpara II and Himawat Coal-Fired Power Plants (Linked to Record ID#71317)
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | India |
| Country | India |
| Start Date | Dec 15, 2010 |
| End Date | Dec 08, 2030 |
| Duration | 7,298 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 53778 |
Grant Description
CDB Loans $600 million USD to Lanco Infratech for Anpara II and Himawat Coal-Fired Power Plants On November 15, 2010, China Development Bank provided $600 million USD for a loan syndicate, totaling to $2 billion, for the construction of phase 2 of the Anpara Thermal Power Plant and Himavat Thermal Power Plant.
The loan syndicate was agreed to under an MoU between the Lanco Power Limited, China Development Bank, and the Uttar Pradesh government signed on November 26, 2014. The second phase of the Anpara Thermal Power Plant is said to be completed.
The plant will provide 90% of its power to the state at rates fixed by the state electricity regulatory commission, with a capacity of 2*660MW. The Himavat Thermal Power Plant also has a capacity of 2*660MW. The Himavat project was suspected to be suspended but is reported to have commenced work in January 2016.
The current status is unknown. The exact amount given to each project is unclear.
Staff Comments
There were no other updates on the transaction after 2012, hence the project has been coded as pledge.
Sources & References
- Lanco to set up plant at Bhognipur
- Lanco Infratech bags order from Mahagenco
- Lanco Infratech Ltd – Techno Funda Report
- Work on Himavat Power project to commence by Jan 2016
- India
- China sign investment agreements worth over 5bn dollars
- The Second India-China SED
- Lanco Infratech to raise US$2 bn from Chinese banks and FIs for power projects
- Quantifying Chinese Public Financing for Foreign Coal Power Plants
- Annual Report 2012 - 2013
- Lanco Infra to raise USD 2bn from Chinese banks
- FIs
- Lanco Infratech to raise US$2 bn from Chinese banks and FIs for power projects
- Anpara Thermal Power Station 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.
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India
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