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China Development Bank provides $10,571,875 loan to State Grid Brazil Holding S.A.
| Funder | China (People's Republic of) |
|---|---|
| Recipient Organization | Brazil |
| Country | Brazil |
| Start Date | Feb 07, 2014 |
| End Date | Oct 25, 2026 |
| Duration | 4,643 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 60082 |
Grant Description
China Development Bank loans $10,571,875 to State Grid Brazil Holding S.A.
On December 19, 2014, China Development Bank provided a $10,571,875 loan to State Grid Brazil Holding S.A. for its subsidiary Expansion Transmissão de Energia Elétrica S.A (ETEE).
SGID is the subsidiary of State Grid Corporation of China; it is therefore a state-owned Chinese company and operates in the areas of construction, engineering, and management of power grid projects.
The use of this loan is unclear. 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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Brazil
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