Completed Mixed AidData Chinese Aid

China Eximbank provides $64.1 million buyer’s credit loan for 100 MW Mollasadra Hydropower Station Project

$64.18M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Saderat Bank
Country	Iran
Start Date	Sep 07, 2002
End Date	Aug 30, 2033
Duration	11,315 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`65830`

Grant Description

China Eximbank provides $64.1 million buyer’s credit loan for 100 MW Mollasadra Hydropower Station Project On September 7, 2002, China Eximbank and Saderat Bank signed a $64,175,000 buyer’s credit loan agreement for the 100 MW Mollasadra Hydropower Station Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

The proceeds of the loan were used to finance 85% of the cost of a $75.5 million commercial (EPC) contract with China Gezhouba Group Company Limited.

The Government of Iran initially signed a commercial contract in November 1999 with the MS-CAITEC joint venture formed by China Anhui International Economic and Technical Cooperation Corporation. However, China Gezhouba Group Company Limited later replaced MS-CAITEC as the EPC contractor.

The purpose of the project was to build a 72-meter-high, 630-meter-long dam with a storage capacity of 440 million cubic meters, a (2x50MW) hydropower station with a total installed capacity of 100,000 kilowatts, and related auxiliary projects.

More specifically, the project involved the construction of a rockfill dam, an open spillway, a power station diversion tunnel, a ground plant, and a switch station.

The project site is located 184 kilometers northwest of Shiraz city, the capital of Fars Province, and is built on the Kore River near the town of Sedeh in Eqlid City. Construction began on September 7, 2002. The project was officially completed on April 17, 2007. President Mahmoud Ahmadinejad attended the project completion ceremony.

📋 Staff Comments

The Chinese project title is 莫拉萨德拉大坝和水电站. The Persian project title is افزودن اطلاعات جدید or سد ملاصدرا.
China Eximbank financed 85% of the value of the EPC contract and denominated the loan in USD. Therefore, AidData assumes that China Eximbank issued a buyer’s credit loan to support this project. The reported face value of the loan ($64,175,000) is based on 85% of the value of the EPC contract ($75,500,000).
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.

📚 Sources & References

News Details __ Mollasdra dam.pdf
由中国葛洲坝集团与伊朗公司合作承建的伊朗莫拉萨德拉大坝和水电站工程4月17日正式竣工
Gezhouba Group contracted to build the first unit in Iran ’s Morasadra Power Station
Morasadra Hydropower Station
Iran Morasadra Hydropower Station
China Gezhouba Group and Iran cooperate to construct hydropower project
Construction of Molla Sadra Dam Begins
Zhouhougui attends Iran Mollasadra Hydro-Power Station operation ceremony, سد ملاصدرا - ویکی_پدیا، دانشنامهٔ آزاد, پیشرفت فیزیکی سد تنظیمی - انحرافی ملاصدرای فارس 95درصد اعلام شد, سد ملاصدرا با حضور رییس_جمهور در استان فارس افتتاح شد
Magiran _ روزنامه کیهان (1385_01_20)_ مدیرعامل سازمان آب منطقه ای فارس_ سد ملاصدرا نمونه موفق استفاده از منابع سرمایه خارجی است
伊朗EPC项目索赔分析
China's Overseas Development Finance 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.