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China Eximbank provides $613 million loan for Abadan Combined Cycle Power Plant Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Thermal Power Plants Holding Company (TPPH) |
| Country | Iran |
| Start Date | Jan 01, 2017 |
| End Date | Sep 06, 2026 |
| Duration | 3,535 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 67004 |
Grant Description
China Eximbank provides $613 million loan for Abadan Combined Cycle Power Plant Project In 2017, China Eximbank issued a $613 million loan for the Abadan Combined Cycle Power Plant Project.
The purpose of this project is to support a power plant that is located 10 km northeast of the city of Abadan in Khuzestan Province. The locational coordinates of the plant, which is situated at km 9 along the Abadan-Mahshahr Road, are 30.402, 48.358.
The project involves the installation of two E-type 160-MW steam turbines, HRSG (heat recovery system generator) with supplementary firing, ACC cooling system, and a 400-kv substation. MAPNA Combined Cycle Power Plants Construction & Development (MD-2) Company is the contractor of the project. The second steam unit was delivered on January 12, 2020.
The steam portion was constructed as an addendum to the original contract for construction of Abadan thermal power plant, signed in 2006. Thermal Power Plants Holding Company is the client of the project and Moshanir serves as the consultant and supervisor.
The power plant's electricity generation capacity is expected to reach 815 megawatts (MW) and the plant's efficiency is expected to be enhanced by 50 percent once the two steam units (each with a 160 MW capacity) go into operation.
Staff Comments
- The loan commitment year is uncertain. For the time being, AidData treats 2017 as the loan commitment year because it is the year when Iran’s Ministry of Economy disclosed the existence of the loan.
- According to a MAPNA's report (See 'Second Steam Portion of Abadan Power Plant Receives FAC'), Thermal Power Plants Holding Company is the implementing agency's project client. Since Thermal Power Plants Holding Company (TPPH) is responsible for organizing government activities under policies of Ministry of Energy of Iran, AidData assumes that the company is the recipient agency.
- The Persian project title is نیروگاه برق آبادان or یروگاه سیکل ترکیبی آبادان.
- 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
- نیروگاه سیکل ترکیبی آبادان, 12 طرح از هفت خان تأمین مالیخارجی/ 38 درصد فاینانسها بهنیمهراه رسید+جدول, عبور 12 طرح از هفت خان تأمین مالی خارجی/ 38 درصد فاینانسها به نیمهراه رسید+جدول, نیروگاه سیکل ترکیبی آبادان, عبور 12 طرح از هفت خوان تامین مالی خارجی/ 38 درصد فاینانسها به نیمه راه رسید+جدول
- Water
- Power Projects to Bolster Khuzestan Development, تحویل دائم واحد دوم بخار نیروگاه سیکل ترکیبی آبادان, ارائه گزارش بانک مرکزی در خصوص توافقات تأمین مالی با چین در جلسه هیئت
- Abadan CCGT Power Plant Iran - GEO, معرفی نیروگاه سیکل ترکیبی آبادان _ عمومی, نیروگاه سیکل ترکیبی آبادان - ویکی_پدیا، دانشنامهٔ آزاد, عبور 12 طرح از هفت خوان تامین مالی خارجی_ 38 درصد فاینانس_ها به نیمه راه رسید+جدول, روابط ایران و چین، پویا در سیاست سودآور در اقتصاد - تجارت_نیوز, نيروگاه هاي سيكل تركيبي, مپنا _ تحویل دائم واحد دوم بخار نیروگاه سیکل ترکیبی آبادان
- China's Overseas Development Finance
- Second Steam Portion of Abadan Power Plant Receives FAC 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
Thermal Power Plants Holding Company (TPPH)
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