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Chinese Government provides a loan for the 400 MW Khersan-3 Dam and Hydropower Plant Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Iran Water and Power Resource Development Co (IWPC) |
| Country | Iran |
| Start Date | Jan 01, 2013 |
| End Date | May 23, 2030 |
| Duration | 6,351 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 66040 |
Grant Description
Chinese Government provides a loan for the 400 MW Khersan-3 Dam and Hydropower Plant Project In 2013, an unspecified Chinese Government institution extended a loan — through a line of credit — to Iran for the 400 MW Khersan-3 Dam and Hydropower Plant Project.
It is known that the total cost of the commercial contract for the 400 MW Khersan-3 Dam and Hydropower Plant Project was $44 million.
The proceeds of the loan were used to finance the commercial contract that Iran Water and Power Resources Development Company (IWPCO) — an Iranian state-owned enterprise — signed with a consortium consisting of Iranian companies Tana Energy, Jihad Water Resources Development Co., Parhoon Tarh, and Chinese state-owned firms China CAMC Engineering Co., Ltd. and SUMEC Group Corporation (SUMEC).
The purpose of this project was to construct a dam located approximately 45 kilometers southeast of the city of Lordegan, in Chahar Mahal and Bakhtiary province, upstream from the Karun-IV Dam. Construction began on April 3, 2013, with a 60-month (5-year) contract period. The dam was ultimately completed on September 5, 2019.
Staff Comments
- The Persian project title is نیروگاه، آبگیر و تونل های آب بر خرسان 3 or 3 سد و نیروگاه خرسان.
- In 2017, a Vice President of the Export-Import of China reported that it had financed 26 electricity, petrochemical, oil and gas and nonferrous metal projects in Iran worth $9 billion USD (see 'China’s EXIM Inks $1.5 bn High-Speed Rail Deal with Iran'). Therefore, China Eximbank is most likely the funder of this project. However, the source of project financing merits further investigation.
- The face value of the loan is unknown. For the time being, AidData assumes that the loan was provided in the form of a buyer's credit and it financed 85% of the $44 million commercial (EPC) contract cost. This issue warrants further investigation.
Sources & References
- parhoon-tarh.com.pdf, قانون بودجه سال 1398 كل كشور / Budget Act 1398 (2019-2020) Annex I Acquisition of Capital Assets Projects Outlays
- GeoHack - Khersan-3 Dam, سد خرسان ۳ - ویکی_پدیا، دانشنامهٔ آزاد, تلاشگران - سد مخزنی خرسان (3)
- PARHOON TARH - Project Highlights, بازدید هوایی رئیس مجلس از سد خرسان ۳ و کارون ۳ - ایسنا, parhoon-tarh, سد و نیروگاه خرسان 3, خانه - طرح خرسان 3
- China’s EXIM Inks $1.5 bn High-Speed Rail Deal with Iran
- KHERSAN-3 Dam and Power Plant (Access tunnels and site roads of KHERSAN-3 reservoir dam), اخبار: اخذ مجوز ترک تشریفات مناقصه احداث سد و نیروگاه خرسان3
- Khersan3 Technical Information
- Khersan3 Project Introduction
- Khersan-III Reservoir Dam, اعلام آمادگی چینی ها برای تامین اعتبار ساخت سد و نیروگاه برق آبی خرسان 'سه', مجوز ترک تشریفات مناقصه احداث سد و نیروگاه خرسان ۳ با خط اعتباری چین صادر شد, سد و نیروگاه خرسان 3, احداث-سد-و-نیروگاه-خرسان3-با-فاینانس-چین, اخذ مجوز ترك تشریفات مناقصه احداث سد و نیروگاه خرسان 3, بسترهاي اجراي سد خرسان 3 آماده شد, خبرگزاری میزان- سد و نیروگاه خرسان ۳ در استان چهارمحال و بختیاری از نوع رو زمینی بوده که ظرفیت تولید ۴۰۰ مگاوات برق را دارد.
- Programme summary of Iranian TV news 0930 gmt 2 Apr 12
- Khersan III
- Khersan 3 Dam & Hydropower Plant 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
Iran Water and Power Resource Development Co (IWPC)
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