Completed Development AidData Chinese Aid

CDB loans $41.6 million for Mazar-Dudas Hydroelectric Plant (Linked to Record ID#35930, #69319)

Funder	China Development Bank (CDB)
Recipient Organization	Government of Ecuador
Country	Ecuador
Start Date	Jan 01, 2011
End Date	Nov 06, 2031
Duration	7,614 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`58593`

Grant Description

CDB loans $41.6 million for Mazar-Dudas Hydroelectric Plant In 2011, the China Development Bank signed a 41.6 million USD loan agreement with the Ecuadorian government to construct the Mazar-Dudas Hydroelectric plant.

According to a Boston University publication and “Resource-Backed Loans: Pitfalls and Potential”, this project was funded through a 2011 China Development Bank loan of $2,052,360,403.03 (Record ID#35950), 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

While the estimated original costs were 50 million USD, the estimated final costs were 83 million USD. The China National Electric Engineering Co. (CNEEC) implemented the project, and it was completed on April 30, 2015.

📋 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

China’s grip on Ecuador’s energy matrix
Building Development for a New Era: China’s Infrastructure Projects in Latin America and the Caribbean
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
ALAZAN Hydropower Station Unit Successfully Connected to Grid 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

Government of Ecuador

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 Grant