China Development Bank provides $10,860,159 loan to State Grid Brazil Holding S.A. in December 2013

China Development Bank loans $10,860,159 to State Grid Brazil Holding S.A. in December 2013 On December 20, 2013, China Development Bank provided a $10,860,159 loan to State Grid Brazil Holding S.A. for its sub-company Expansion Transmissão de Energia Elétrica S.A. (ETEE).

State Grid International Development Co. Ltd (SGID), as guarantor, settled the amount on behalf of the company. 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.