Active Mixed AidData Chinese Aid

China Construction Bank refinances loan for Taleghan Dam and Power Plant Construction Project (Linked to Record ID#65792)

Funder	China Construction Bank Corporation (CCB)
Recipient Organization	Sinohydro Corporation Limited
Country	Iran
Start Date	Jun 29, 2007
End Date	Oct 19, 2033
Duration	9,609 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`67604`

Grant Description

China Construction Bank refinances loan for Taleghan Dam and Power Plant Construction Project In 2001, China Eximbank and the Regional Water Company of Tehran — an Iranian state-owned enterprise — signed a $121.55 million buyer’s credit loan agreement for the Taleghan Dam and Power Plant Construction Project (as captured via Record ID#65792).

Then, on June 29, 2007, Sinohydro Group Ltd. and China Construction Bank signed a debt refinancing agreement for the Taleghan Dam and Power Plant Construction Project.

The proceeds of the loan were used to finance 85% of the cost of a $143 million commercial contract with Sinohydro Group Ltd., which was signed on January 12, 2001.

However, Sinohydro Group Ltd. later identified 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.

China Construction Bank (CCB) apparently issued a supplemental loan to Sinohydro Group Ltd. as part of an EPC+Financing (EPC+F) arrangement.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

📋 Staff Comments

1. Taleghan can also be spelled as Talaqan and Tarigan.

📚 Sources & References

水电建设集团与建行签署塔里干水电站融资协议
水电建设集团与建行签署塔里干水电站融资协议
Perspectives on Financing & Delivering Hydropower Schemes in Ethiopia
中国水电承建的伊朗塔里干水利枢纽工程获境外工程鲁班奖 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

Sinohydro Corporation Limited

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