China Eximbank provides $121.55 million buyer’s credit loan for Taleghan Dam and Power Plant Construction Project (Linked to Record ID#67604)

📋 Staff Comments

1. This project is also known as the Taleghan Dam and Power Plant Construction Project, the Taleghan Dam and Hydropower Project, the Taleghan Dam and Water Conservancy Project, or the Tarigan Dam and Hydropower Project. The Chinese project title is 承建的伊朗塔里甘大坝水利枢纽工 or 承建的伊朗塔里甘大坝水利枢 or 建的伊朗塔里甘大坝水利枢 or 伊朗塔里干水利枢纽工程. The Persian project title is سد و نیروگاه طالقان or سد طالقان. The Arabic project title is سد طالقان.
2. The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
3. One Sinohydro source identifies the total cost of this project as $165 million rather than $143 million, which suggests that there may have been unforeseen cost increases during implementation.
4. There is also evidence that China Construction Bank issued an additional loan to Sinohydro as part of an EPC+Financing arrangement (see Project ID#67604).
5. According to the World Bank's Debtor Reporting System (DRS), the weighted average interest rate of all official sector lending from all Chinese creditors to government and government-guaranteed borrowing institutions in Iran was 4.0949% in 2001. AidData estimates the interest rate of the China Eximbank loan that supported the Taleghan Dam and Power Plant Construction Project by using this figure. See https://www.dropbox.com/scl/fi/ef7q4y9pxjk6q3syuqmjy/May-2024-DRS-Extraction-of-Data-on-Official-and-Private-Chinese-Loans-to-Iran-and-Borrowing-Terms.xlsx?rlkey=wiqjmhuwunp3jelz3jyfepny8&dl=0

📚 Sources & References

• 中国水电 海外崛起--中国水电占据海外市场半壁江山
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• 伊朗塔里干水利枢纽工程
• 中国企业EPC 案例分析
• 伊朗塔里干水利枢纽工程
• 中国水利水电第十工程局有限公司 水利水电 伊朗塔里干水利枢纽工程项目
• 中国水利水电第十工程局有限公司 水利水电
• 伊朗塔⾥⼲⽔利枢纽⼯程项⽬
• 中国电力建设集团 企业荣誉
• 伊朗塔里干水利枢纽工程 - 快懂百科
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• 塔里干水利枢纽工程EPCT合同索赔案例分析_爱学术, سد طالقان - ویکی_پدیا، دانشنامهٔ آزاد, افتتاح نیروگاه و سد طالقان, _سد طالقان چهارمين منبع تامين آب شرب تهران_ معاون وزير نيرو_ سد تا اواسط دي84 آبگيري مي_شود 150ميليون دلار اعتبار فاينانس از چين تامين شده است - ایسنا
• Magiran _ روزنامه اطلاعات (1385_06_05)_ سد طالقان امروز به بهره برداری رسید, جزئیات پروژه __ ساختمان سد طالقان, تاریخچه شرکت
• SNCL brochure 2015
• Power China, معاون طرح و توسعه آب منطقه_اي تهران_ طالقان، تنها سد و نيروگاه در حال احداث با منابع فاينانس است پيش_بيني ما براي بهره_برداري از اين پروژه ارديبهشت 85است - ایسنا
• Perspectives on Financing & Delivering Hydropower Schemes in Ethiopia
• China's Overseas Development Finance
• Iran Talikan Water Conservancy Project 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.