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Chinese Government provides EUR 229 million loan for 130MW Chamshir Hydroelectric Dam and Power Plant Construction Project (Linked to Record ID#66882)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | China Gezhouba Group Company Ltd. (CGGC) |
| Country | Iran |
| Start Date | Jan 01, 2016 |
| End Date | Jan 08, 2033 |
| Duration | 6,217 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66039 |
Grant Description
Chinese Government provides EUR 229 million loan for 130MW Chamshir Hydroelectric Dam and Power Plant Construction Project In 2017, an unidentified Chinese Government institution established an EUR 229 million line of credit for the 130MW Chamshir Hydroelectric Dam and Power Plant Construction Project.
The funds were committed in order to support an EPC plus Financing (EPC+F) contractual arrangement (worth RMB 2.192 billion) between Iran Water and Power Resources Development Company (IWPCO) — an Iranian state-owned enterprise — and China Gezhouba Group Company Limited, which was finalized in 2009.
Under most EPC+F contractual arrangements in Iran, a loan is extended to the EPC contractor but with a sovereign guarantee from the Iranian Government.
The purpose of this project is to construct a dam and 130MW power plant on the Zohreh River near the town of Gachsaran within Kohgiloye and Boyer-Ahmad Province. The groundbreaking ceremony for this project took place on or around May 9, 2013. As of October 2020, the project had achieved an 85% completion rate.
A separate EUR 148.37 million Chinese Government loan (captured in Record ID#66882) was issued for the Chamshir Irrigation and Drainage Network Project.
Staff Comments
- The Persian project title is سد و نیروگاه چم شیر or سد چمشیر. The Chinese project title is 羌姆溪水电站 or 伊朗羌姆溪水电站项目.
- A 3/13/17 Financial Tribune source identifies the size of the Chinese credit line as EUR 290 million.
- In 2017, a Vice President of China Eximbank reported (see China’s EXIM Inks $1.5 bn High-Speed Rail Deal with Iran) that it had financed 26 electricity, petrochemical, oil and gas and nonferrous metal projects in Iran worth $9 billion. Therefore, China Eximbank is most likely the funder of this project. However, the source of project financing merits further investigation.
Sources & References
- Hydropower Dam Opens in Lorestan
- Iran
- S Korea reach new water agreement
- Global Offering
- EPCF Management
- S. Koreans
- Chinese Companies to Develop Hydroelectric Dams in Iran
- Chamshir Hydropower Project
- Chamshir Dam and Hydropower Plant
- 中国能建葛洲坝机船公司中标伊朗羌姆溪水电站等国际项目, 450-MW Rudbar Lorestan hydroelectric plant opens in Iran
- Hydropower Dam Opens in Lorestan, سد چم_شیر - ویکی_پدیا، دانشنامهٔ آزاد, خانه - طرح زهکشی چم_شیر, عملیات بتن ریزی تونل انحراف آب سد چم شیر به 95درصد رسید, سد و نیروگاه چم شیر, سد چم_شیر گچساران سال آینده آبگیری می_شود_ نیاز به 4هزار میلیارد ریال اعتبار _ خبرگزاری فارس, احداث سد و نیروگاه چم _شیر گچساران 200میلیارد تومان هزینه نیاز دارد, سد و نیروگاه چم شير, ثبت یک رکورد در سد و نیروگاه چم_شیر گچساران - کبنانیوز
- 商务部驻伊朗经商处赴中资驻伊企业进行安全生产检查工作 - 北极星水力发电网
- 伊朗鲁德巴水电站投产发电 - 广东省水力发电工程学会 - 手机版
- 项目案例 - 上海源齐物流有限公司, آغاز احداث سد، نیروگاه و شبکه آبیاری و زهکشی چم شیر
- China’s EXIM Inks $1.5 bn High-Speed Rail Deal with Iran 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.
All Grantees
China Gezhouba Group Company Ltd. (CGGC)
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