Completed Development AidData Chinese Aid

CDB loans $185 million for 115MW Delsitanisagua Hydroelectric Power Plant (Linked to Record ID#35950, #69319)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Ecuador
Country	Ecuador
Start Date	Jan 01, 2011
End Date	Nov 09, 2028
Duration	6,522 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58591`

Grant Description

CDB loans USD $185 million for 115MW Delsitanisagua Hydroelectric Power Plant in Ecuador in 2011 In October 2011, the China Development Bank agreed to loan $185 million for the Delsitanisagua Hydroeletric Power Plant.

The project was funded through a 2011 China Development Bank loan of $2,052,360,403.03 (Record ID#35930), specifically through the $1.4 billion discretionary component (Tranche A; Record ID#69319).

📋 Loan / Grant Terms

💰 Loan Amountterms of Tranche A have been applied to this project

According to report from HydroChina Huadong Engineering Corporation in 2013, the financing model adopted is that of a resource-backed loan ("资源换贷款融资一揽子框架"). The financing provided is 60% of the total contract. The Government of Ecuador signed a $215 million contract with Hydrochina for the construction of the power plant.

Also, Corporación Eléctrica del Ecuador (CELEC) signed a EPC contract with Hydrochina Corporation for the construction. The original estimated cost for the project was $216 million; the estimated final cost was $335 million. Construction began in November 2011, and the project was reported as 80% completed in January 2017.

On 21 December 2018, the Delsitanisagua Hydroelectric Power Plant was inaugurated, according to a press release. The Chinese project name for Delsitanisagua Hydropower Plant is 德尔西水电站.

📋 Staff Comments

This project is funded through Tranche A of the 2011 $2 billion CDB loan (Project ID#69319). To ensure we are not double-counting Chinese OF, the transaction amount field is left empty. The amount is captured in Project ID#69319.

📚 Sources & References

Ecuador and China sign contract for hydroelectric construction
Ecuador inaugurated the Delsitanisagua Hydroelectric Power Plant
China Power Construction Group and Ecuador signed the Del Sil Hydropower Project
China’s grip on Ecuador’s energy matrix
Building Development for a New Era: China’s Infrastructure Projects in Latin America and the Caribbean
德尔西项目背景介绍
厄瓜多尔德尔西水电站EPC项目
Repositioning Chinese Development Finance in Latin America: Opportunities for Green Finance
Resource-Backed Loans: Pitfalls and Potential
Technology transfer in the hydropower industry: An analysis of Chinese dam developers’ undertakings in Europe and Latin America 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.