Completed Mixed AidData Chinese Aid

China Development Bank provides a $79,000,000 loan to State Grid Brazil Holding S.A in September 2012

$79M USD

Funder	China Development Bank (CDB)
Recipient Organization	State Grid Brazil Holding S.A. (SGBH)
Country	Brazil
Start Date	Sep 05, 2012
End Date	May 14, 2030
Duration	6,460 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`60000`

Grant Description

China Development Bank loans $79,000,000 to State Grid Brazil Holding S.A in September 2012 On September 5, 2012, China Development Bank issued a $79,000,000 (~161,871,000 Brazilian reals) loan to State Grid Brazil Holding S.A. for its subsidiary Poços de Caldas Transmissora de Energia S.A. (PCTE).

📋 Loan / Grant Terms

💰 Loan Amountcarried an interest rate of LIBOR plus a 2

The borrower was expect to repay the loan via semi-annual repayments On November 17, 2014, as guarantor, State Grid International Development Ltd (SGID) settled the entire outstanding balance in a total amount of $70,800,011 on behalf of the company.

By way of background, in December 2010, State Grid Corporation of China acquired 100% stakes in seven Brazilian transmission concession companies through its wholly owned Brazilian subsidiary, State Grid Brazil Holding S.A. (“SGBH”), each with a secured 30-year operating right.

The assets in these companies at the time of acquisition included transmission lines with a total length of 3,176 km, six 500 kV substations, two 500 kV switching stations and one 345 kV substation. SGBH assumed responsibility for operating these 7 transmission companies.

Then, in May 2012, SGBH entered into an agreement to acquire another seven Brazilian transmission concession companies, each with a secured 30-year operating right.

The seven companies’ assets at the time of acquisition included transmission lines with a total length of 2,792 km, 11 self-owned substations and 12 substations jointly controlled with others.

These activities and other electricity transmission projects — including the 2,518 km Belo Monte ±800 kV UHVDC Transmission Project (or 巴西美丽山水电特高压直流送出二期项 or ±800千伏特高压直流输电工程) — have been supported by China Development through a series of loans.

📋 Staff Comments

1. For loan and debt rescheduling records with variable interest rates, AidData calculates the all-in interest rate at T0 based on the reference rate (such as LIBOR or EURIBOR) on the loan start date, plus any known margin. Please see the methodology for additional details.

📚 Sources & References

State Grid Brazil Holdings S.A.
RELATÓRIO DA ADMINISTRAÇÃO
服务和推进“一带一路”建设实现金砖国家互惠共赢
Offering Memorandum from State Grid Europe Development
中国能建中南院参与设计巴西美丽山水电特高压直流送出二期项目投运
State Grid Brazil Holding S.A.Established
State Grid Completes Transmission Line Tests at Belo Monte Plant
First Overseas UHV DC Transmission Project Put into Operation Ahead of Schedule In Brazil
巴西美丽山±800千伏特高压直流输电一期工程投运 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.