Supplementary Online Material: List of projects to which China has provided public financing (2007-2013)(a) Country
Name

1 Indonesia

2 Indonesia

3 Indonesia(b) Power Plant Name(c) Financial
Institution(s)South Smatra Mine
Mouth

China
Development
Bank

Cilacap

China
Development
Bank

Suralaya & Paiton

Export-Import
Bank of China(d) Loan or(f)Insurance(e) Installed
Agreement(g) Web Links of Information Sources
Amount (USD Capacity (MW) / Closebillion)Year

0.318 2*150MW

0.7 660MW

0.615

600MW+600M
W(h) Information Type

Release by the Ministry
12 月 4 日，中国国家开 发银 行与印尼金光集 团 旗下 DSSP 电 力公司
http://www.mofcom.gov.cn/aarticle/i/jyjl/j/20 of Commerce of the2012签 署 贷 款 协议 ，向 DSSP 电 力公司提供 3.18 亿 美元 贷 款 ，用于建 设1212/20121208482832.html
People's Republic of
位于印尼南 苏门 答腊省的燃煤坑口 电 站China (PRC)

2013 http://www.tdb.org.cn/news/677898

2008

Articles by China Trade
据印尼媒体 报 道， 4 月 3 日，中国国家开 发银 行与印尼 SSP 集 团 下属
Promotion operated by
S2P 公司 签 署 贷 款 协议 ， 为该 公司的芝拉扎（ CILACAP ）二期燃煤
the PRC Ministry of电 站 项 目提供 7 亿 美元 贷 款 。
Commerce

Press Release by the
http://id.mofcom.gov.cn/article/todayheader/
PRC Embassy in the200802/20080205369834.shtml
Republic of Indonesia
http://m.thejakartapost.com/news/2008/01/3
Article by The Jakarta
0/pln-signs-615m-loan-deals-workersPost
continue-rally.html

4 Indonesia

Pelabuhan Ratu

Export-Import
Bank of China

0.481 3*350MW

2009

http://paper.people.com.cn/rmrbhwb/html/2 Article by The People's
Daily
009-05/05/content_245990.htm

5 Indonesia

PLTU NAD

Export-Import
Bank of China

0.124 2*110MW2009

http://paper.people.com.cn/rmrbhwb/html/2 Article by The People's
Daily
009-05/05/content_245990.htm

Parit Baru

Export-Import
Bank of China

0.133 2*50MW

http://www.chinadaily.com.cn/micro2011 reading/dzh/2013-0905/content_10047694.html

6 Indonesia

Article by The China

Daily

Article by The Jakarta

Post

7 Indonesia

PacitanExport-Import
Bank of China

0.293 2*315MW(i) Citations from Information Source and/or Notes by the authors(Note: Loan agreements and financial close are expressed in red.
The amount of loan is expressed in green.)

http://www.thejakartapost.com/news/2009/0
5/26/pln-secure-761m-loans-chinese-banks2009 june.html-0
http://bisnis.news.viva.co.id/news/read/7609
5-pln_raih_fasilitas_kredit_us__293_2_juta

1 月 30 日，中国进出口银行和印尼国家电力公司在印尼财政部总部大
楼举行电站项目 贷款协议签约 仪式，总金额 6.1 亿美元 。
State electricity firm PT PLN signed Wednesday a loan
agreement worth US$615 million with China Exim Bank tofinance the construction of two power plants in Java.

据新华社印度尼西亚巴厘岛５月４日电 （记者李晓渝）中国进出口
银行与中国银行４日在巴厘岛举行的第４２届亚洲开发银行理事会上分别与印度尼西亚国家电力公司 签署了总价值为１０．６亿美元的贷款协议。 根据协议，中国进出口银行将向位于印尼西爪哇的３ × ３５
０ＭＷ燃煤电站项目提供 ４．８１亿美元 的信贷服务，向位于亚齐的２ × １１０ＭＷ电站项目提供１．２４亿美元的信贷服务，期限都是１５年，其中包括３年的还款宽限期。

葛洲 坝 集 团 与印尼国家 电 力公司就巴比巴 卢 燃煤 电 站 项 目 签 署 协议 。根据 这 一 协议 ，中国 进 出口 银 行向印尼方面提供 １．３３ 亿 美
元的 优 惠 贷 款 ，占 项 目 总额 的８５％。

Fahmi said PLN would receive a loan amounting to $468 million
from the China Development Bank for the Adipala power plant inCilacap, Central Java. PLN would receive another $293 million
loan from the Export-Import Bank of China to finance thePacitan plant in East Java.
"The loan agreements will be signed on June 10 during theinauguration of the Suramadu Bridge. Pak President (Susilo
Bambang Yudhoyono) will attend the signing ceremony," Fahmi
said.

Article by Viva news (in PT Perusahaan Listrik Negara (PLN) dan The Export Import
Bank of China (CEXIM) menandatangani perjanjian fasilitas
Indonesian language)

kredit US$ 293,22 juta untuk pembangunan pembangkit listrik
tenaga uap (PLTU) Pacitan, Jawa Timur berkapasitas 2x315
megawatt (MW).

8 Indonesia

9 Indonesia

10 Indonesia

Indramayu

Tanjung Awar Awar

Rembang

Sinosure
China
Development
Bank

Sinosure

China
Development
Bank

0.562 3*330MW

0.372 2*350MW

0.131 2*315MW

http://www.gtreview.com/tradefinance/global-trade-review2008 news/2008/May/PLN-secures-Sinosurebacked-financing-for-powerproject_5072.shtml

Article by The Global

Trade Review$0.592billion*0.95=$0.5624billion

http://www.thejakartapost.com/news/2009/1
2/15/pln-secures-final-financing-needed2009
Article by Jakarta Post
first-10000-mw-power-plant-crashprogram.html

2008

http://www.ijonline.com/pfarchive/article/2409946/pln-signs-rembangdollar-debt
Rich (2009)

Article by The IJGlobal

A preceding study
mentioned the authors
in Section 2

Article by The Trade
http://www.tradefinancemagazine.com/uploFinance
ads/GTFMGuide_2011.pdf

11 Indonesia

12 Indonesia

Teluk Naga

Tanjung Kasam

Sinosure

Export-Import
Bank of China
Sinosure

0.432 3*315MW

0.15 2*55MW

http://www.thejakartapost.com/news/2009/0
Article by The Jakarta
5/05/pln-secures-chinese-loans-power2009
Post
plants-program-after-merpati-spatsolved.html

2009

http://www.pengadaan.com/new/index.php?
Article by Pengadaan
mod=newsdetail&com=News&newsid=1205
7&sid=
http://www.china.org.cn/business/200811/25/content_16820328.htm

A US$592mn Sinosure-backed transaction for Indonesia's stateowned electricity provider PLN has been signed in Beijing on
May 27. The deal was structured as a buyer's credit facility
backed by the Chinese export credit agency. Sinosure is covering
95% of the financing , as is typical for the agency.

Article by The

Shanghai Daily

On Monday, PLN signed a loan agreement with the Bank of
China worth $371.5 million to finance the construction of apower plant in Tanjung Awar-awar in East Java. The
agreement is backed by China's state export credit guarantee
agency Sinosure , PLN said in the statement
PLN Persero has signed a $262 million 12-year (including 2 year
grace period) facility through sole bookrunner Barclays Capitaland facility agent China Development Bank.

To discount loans by commercial banks, the authors calculated theamount as follows: $0.262billion*0..5=$0.131billion$0.131billion
The financing is a $455 million export credit in favour of theborrower, PT PLN(Persero)./ Sinosure is providing insurance
covering 95% of political and commercial risks .

$0.455billion*0.95=$0.432billion

PLN president director Fahmi Mochtar, Cexim vice president Li
Jun and BoC general manager of corporate banking department
Tang Mao Heng signed the deal on the sidelines of the AsianDevelopment Bank (ADB) annual meeting in Bali.
"Cexim will lend $481 million for (three 350 MW) power plants in
Pelabuhan Ratu and $124 million for (two 110 MW) plants in
Aceh, while BoC lends $455 million for (three 315 MW) plants in
Teluk Naga," said Finance Minister Sri Mulyani Indrawati, whowitnessed the signing.
China Exim Bank dan China Export and Credit Insurance
Corporation (Sinosure) menjamin penuh pembiayaan proyek
Pembangkit Listrik Tenaga Uap (PLTU) Tanjung Kasam, Batam
kapasitas 2 x 55 MW senilai US$150 juta . Kesepakatan
pembiayaan itu ditandatangani pada Agustus 2009 ini antara PT
TJK Power, kontraktor pelaksana China Huandian Engineering
Corporation (CHEC) dan kedua lembaga keuangan tersebut.
China Huadian Engineering Co has signed a US$130 million
engineering, procurement and construction contract with PT
Tanjung Kasam Power to build a power plant on Indonesia's
Batam island, Bisnis Indonesia reported.The Export-Import Bankof China and Sinosure China will help fund the project, thenewspaper said, quoting Margamulia Arifin, President Director of
Tanjung Kasam Power. The power plant, consisting of two 55megawatt generators, is expected to start operating in 2011,
Bisnis said.

13 Indonesia

Celukan Bawang

China
Development
Bank

unknown 3*142MW

2012

Article by The
http://www.shangbaoindonesia.com/dynami
Indonesia Shang Bao
c-cina-komunitas/中国国家开发银行与印尼巴厘能源公司-举行3x142mw燃煤.html
Article by The China
http://europe.chinadaily.com.cn/business/20
Daily (originally by
12-08/29/content_15715688.htm
Xinhua)http://www.reedsmith.com/files/uploads/ne
wsletters/IBLJ_June_2014__Intelligence_report.pdf
14 India

TirodaChina
Development
Bank

0.16 5*660MW

2013

http://rbidocs.rbi.org.in/rdocs/ECB/pdfs/EC
BWEB300513.pdf

Artible by The Indian
Business Law Journal

Data released by the
Reserve Bank of India

中国国家开 发银 行和印尼巴厘能源公司 (General Energy Bali 简 称GEB)7 月 31 日 ( 周三 ) 于雅加达万豪酒店隆重 举 行 为 巴厘 岛
3X142MW 燃煤 电 厂 项 目 融 资签约 仪 式。中国 驻 印尼大使刘建超，中国 华电 集 团 公司副 总经 理任 书辉 ，印尼国 电 公司 (PLN)IPP 项 目
主任 Hernadi Buhron 都出席并 见证 中国国家开 发银 行代表 赵 方 强
与 GEB 公司董事、股 东签 署的一系列融 资 文件。
China Huadian Group Co, one of China's five largest state-owned
power generation enterprises, started construction of a coal-fired
steam power plant in Indonesia's Bali province on Tuesday, in abid to ease the island's electricity shortage.The new facility, witha total investment of up to $638 million, sits in the north coast of
the island and 120 km north of Bali's capital Denpasar.
White & Case’s India group clocked up an impressive number ofdeals. … representing Standard Chartered Bank, China
Development Bank Corporation and Industrial and Commercial
Bank of
China on a US$480 million syndicated secured financing for
Adani Power Maharashtra.
Adani Power Maharashtra Ltd USD 480,000,000 Power 9 Years
9 Months ( April 2013 )As three banks including the China Development Bank provided
financing, the authors discounted the amount by onethird($0.48billion*(1/3)=$0.16billion)

Press Release by
http://www.reliancepower.co.in/1100/35_102
Reliance Power.pdf

15 India

16 India

Sasan

China
Development
Bank
Export-Import
Bank of China
Sinosure

China
Development
Various power plants ofBank
Reliance Power
Export-Import
Bank of China

1.1 6*660MW

2010

Article by The Wall
http://online.wsj.com/news/articles/SB10001
Street Journal
424052702303343404577518533030674806

http://www.tradefinancemagazine.com/Artic
Article by The Tradele/2960451/Search/Results/UpdateFinanceReliance-pens-Sinosure-facility-for-Sasanfinancing.html?Keywords=sinosure+relianc
e+india5.45 30000MW

2010
(MoU)

http://www.reliancepower.co.in/1100/38_102 Press Release by.pdf
Reliance Power

Reliance Power announced that its 3960 MW Sasan Ultra Mega
Power Project (SUMPP) has received the final commitment ofterm loans of Rs 5,000 crore ( USD 1,114 million ) from Bank of
China (BOC), China Development Bank (CDB) and The Export
Import Bank of China (C-EXIM) along with Standard Chartered
Bank on December 15, 2010.
The deal required the approval of China's State Council, headedby Chinese Premier Wen Jiabao, which was granted last week .
"The loan from Chinese banks is a project loan, which is notsupported by any corporate or government guarantees," Mr.
Chalasani said.
The final instalment of a $1.1 billion Sinosure-backed loan
complements a $917 million direct loan from US Ex-Im

The authors assume that loans by commercial banks are insured
by Sinosure.

Reliance Power and SEC signed Memorandum of Understanding(MOUs) to cover the financing with leading Chines e banks suchas Bank of China, China Development Bank (CDB), the E xportImport Bank of China (C-EXIM) and Industrial and Commercial
Bank of China (ICBC) today in Shanghai. The MOUs provided forfinancing to cover Chinese exports up to USD 12 billion .

To discount the loan for Sasan power plants and the loans bycommercial banks, the authors counted the amount as follow: ($12billion-$1.1 billion)/2=$5.45billion.

17 India

18 India

19 India

20 India

China
Anpara II and Himawat Development
Bank

Cuddalore

Sinosure

China
Amarkantak 3&4,
Development
Babandh and VidarbhaBank

Jhajjar

China
Development
Bank
Export-Import
Bank of China

0.6

2*660MW +2*660MW

1.19 3*660 MW

2*660MW +0.2 2*660MW+2*6
60MW

2010
(MoU)

Lanco Infratech Limited (LITL), ...., has entered into amemorandum of understanding (MoU) with the China
Development Bank (CDB), a bank owned by the Govt. of Peoples
http://www.lancogroup.com/pdf/press_releas
Republic of China, to arrange USD 2 Billion debt for two power
es/Lanco_to_Raise_$2BN_pricate_equity_fr Press Release by Lanco
projects i.e., Anpara Phase II and Himawat, each having capacity
om_Chinese_Banks_&_FI's_for_power_proj Infratech
of 2x660 MW with supercritical boiler technology. Out of the total
ects.pdf
amount of USD 2 Billion required to be raised, USD 600 million
will be contributed by CDB, and CDB will syndicate the balancefrom Chinese banks and FIs .

2010
(MoU)

ICB process has been successfully completed with the award ofcontract to China Datang Technologies & Engineering Co. Ltd.
(CDTE), a specialized engineering corporation and EPC
contractor in China and a subsidiary of China Datang
Corporation (CDC), the largest power utility in China, for supplyof 3 (three) Thermal Power Units of 660 MW each based on supercritical technology on Turnkey EPC basis at a value of US$ 1.40
Billion. ... In addition to the above, the Company has on
December 15, 2010, signed a Tripartite Memorandum ofUnderstanding (MoU) with CDTE and Industrial andCommercial Bank of China (ICBC) consortium, for financing theexport buyer's credit to the Project backed by insurance from
China Export & Credit Insurance Corporation (SinoSure) to theextent of 85% of the EPC cost.

http://www.srmenergy.in/Project1.php

2010

China Development Bank has already sanctioned USD 200
million Buyers’ Credit for Amarkantak 3 & 4, Babandh andhttp://www.lancogroup.com/pdf/press_releas
es/Lanco_to_Raise_$2BN_pricate_equity_fr Press Release by Lanco Vidarbha power projects being developed by Lanco Group.
om_Chinese_Banks_&_FI's_for_power_proj Infratech
ects.pdf

Since Lanco awareded the order of equipment for these plants to a
Chinese manufacturer in 2010 and this release was also made in2010, we assume that the loan agreement was made in 2010.

Press Release by CLP
India

CLP India has entered into a financing agreement with The
Bank of Tokyo–Mitsubishi, UFJ Ltd.,China Development Bank
Corporation, The Export ‐ Import Bank of China, The Hong Kong
And Shanghai Banking Corporation Ltd. and Standard Chartered
Bank for its 1,320 MW (2x660 MW) power project in Jhajjar,
Haryana. .... The consortium of five lenders is providing
approximately USD 288 million (INR 13 billion) in
financing.

Press Release by CLP
https://www.clpindia.in/media/Jhajjar%20C
India
OD%20-%20280312.pdf

This project is also one of the first generation projects in India inmany years to be financed by a consortium of foreign banks with
an ECB financing of $400 million. The total cost of this projectwill be approximately INR 6,000 Crores.

https://www.clpindia.in/media/CLP%20Jhaj
jar%20Financing%20India%20press%20rel
ease.pdf
0.16 2*660MW

Press Release by SRM
Energy2010

We adoped $400 million instead of $288 million, as the latest
number seems accurate. Since the five banks co-financed, theauthors discounted the amount by two-fifths ($0.4billion*(2/5).
http://intl.ce.cn/specials/zxxx/201012/20/t20
101220_22065091.shtml
21 Vietnam

Vinh Tan 2

Export-Import
Bank of China

0.3 2*622MW

Article in China
Economic Net

http://www.evnfc.vn/news-amp2010 events/evnfinance-news/evnfinance-isPress Release by EVN
assigned-to-be-a-re-lending-institutionwith-incentive-interest-rate-for-vinh-tan-2- Financethermal-power-plant-project.html

中国 进 出口 银 行已 经 与越南 签 署 协议 将 为 永新 -2 号 (Vinh Tan 2) 发电 厂 项 目提供 3 亿 美元 贷 款 ， 约 占 总 投 资额 的四分之一。
On December 17th, Vietnam Deputy Finance Minister Tran Xuan
Ha and Vice Chairman of Export Bank of China - Su Zhong signed
the specific loan agreement for thermal power plant project in Vinh
Tan 2 up to $ 300 million.

22 Vietnam

23 Vietnam

24 Vietnam

Uong Bi

Vung Ang

Duyen Hai 1

Export-Import
Bank of China

China
Development
Bank

Export-Import
Bank of China
Sinosure

0.1785 330MW

2009

2009 年 11 月 12 日，中国 进 出口 银 行行 长 李若谷与越南 财 政部常 务
http://www.chengda.com/html/page/1219.sh Press Release by China
副部 长 阮工 业 在河内 签 署 越南汪秘 电 站二期 扩 建 项 目 贷 款 协议 ，tml
Chengda Engineering贷 款 总额 1.785 亿 美元 ，全部 为 中方提供的 优 惠 买 方信 贷

VUNG ANG Power Plant Phase I, Vietnam － The syndicatedloans of this project amounted to USD 844 million. As lead
http://www.cdb.com.cn/english/NewsInfo.as
Annual Report of China
arranger, CDB committed USD 673 million.
p?NewsId=5275
Development Bank

0.673 2*600MW

2011

http://www.vir.com.vn/news/en/corporate/$9
Article by Vietnam
04-million-funded-for-vung-ang-no1Investment Review
thermal-power-plant.html

The Vietnam National Oil and Gas Group (PVN) and fiveinternational banks have agreed to provide a credit worth
US$904 million for the Vung Ang No.1 thermal power plant. A
deal to this effect was signed in Hanoi on April 22.

1.008 2*622MW

Release from
Guangdong ElectricPower Design Instituteof China Energy
2011
http://www.tradefinancemagazine.com/ArticEngineering Group
le/2914090/Vietnams-Duyen-Hai-1closes.html
Article by Trade

On 26th September, EVN signed a 1.008 billion USD syndicatedloan agreement with banks of China and France for Duyen Hai 1
Power Plant project. The loan agreement is assured by the
Vietnam Ministry of Finance. Sinosure provides export credit
insurance.

http://www.gedi.com.cn/en/html/2011-1201/79_1756.html

http://ven.vn/en-us/work-begins-on-duyenhai-3-thermopowerplant_t221c343n22479.aspx

25 Vietnam

Duyen Hai 3

China
Development
Bank
Sinosure

1 2*622MW

Article by Vietnam

http://www.tradefinancemagazine.com/Artic Economic News
le/3165779/Search/Results/Trade-Finance2012 Deals-of-the-YearArticle by Trade2012.html?Keywords=duyen+hai+3
Finance
http://www.tradefinancemagazine.com/Artic
le/3186422/Duyen-Hai-3ECA-backedfinance.html

http://vietnamnews.vn/lifestyle/photography/166265/sharing-thehonour-05-07-2007.html

26 Vietnam

Hai Phong 2

Export-Import
Bank of China
Sinosure

2007

MLAs: Bank of China, ICBC, China Development Bank
Borrower: Vietnam Electricity
Amount: $1 billion
Tenor: 9 years 6 months, 50 month availability period
ECA: Sinosure

Work started yesterday on the 600MW Hai Phong 2 Thermoelectric Power Plant in Hai Phong's Thuy Nguyen District. The
new facility will cost VND9.92 trillion ( US$620 million ), a sum
that was loaned by the Export-Import Bank of China and the
Article by Vietnamnews Japan Bank for International Co-operation.

https://www.jbic.go.jp/en/information/press/ Press Release by JBIC
press-2006/0329-6983
0.557 2*300MW

The authors were not able to find the information that explicitly
mentioned a loan agreement. However, as construciton of theplant started in 2012 according to the sources we listed in the left
and the finance deal of this project was awarded "Trade Finance
Deals of the Year 2012" by Trade Finance, we assumued that theagreement was signed in 2012.

Japan Bank for International Cooperation (JBIC; Governor:
Kyosuke Shinozawa) signed a loan agreement on March 28 on
buyer's credit totaling up to 7.3 billion yen with Vietnam
Electricity (EVN), a corporation in the Socialist Republic ofVietnam. The loan was cofinanced with Mizuho Corporate Bank(agent bank) and Société Générale , Tokyo Branch. ... In themeantime, the Export-Import Bank of China will provide anexport loan for the export of the power generation facilities by
Dongfang Electric Corporation.
The authors calculated the amount of loan by the Export-Import
Bank of China by using the above numbers, as follows:$0.62billion-JPY7.3billion/115.76(JPY/$)= $0.557 billion

27 Vietnam

28 Sri Lanka

29 Phillipines

Mao Khe

Norochcholai 2

Mariveles

Sinosure

Export-Import
Bank of China

China
Development
Bank
Sinosure

0.275 440MW

http://en.vietnamplus.vn/Home/Two2011 foreign-banks-fund-Mao-Khe-thermalpower-plant/20114/17410.vnplus

BNP Paribas of France and Bank of China will provide an export
credit agency (ECA) worth 275 million USD to the Mao Khe
Article by VietnamPlus , Thermoelectric Power Plant. The ECA to the effect was signed by
Vietnam News Agency the Vietnam National Coal, Mineral Industries Corporation(Vinacomin) and the two banks in Hanoi on April 7. ... The 275(VNA)
million ECA to fund the EPC contract is guaranteed by Vietnam’s
Finance Ministry and insured by Sinosure of China for 13 years.

http://www.sundaytimes.lk/110619/Busines Article by The SundayTimes
sTimes/bt01.html
0.891 2*300MW

0.493 2*300MW

2009

http://www.lankabusinessonline.com/news/s Article in Lanka
ri-lanka-gets-chinese-loan-for-coal-power- Business Online
expansion/677010479

Morupule B

Sinosure

0.784 4*150MW

Report by Project
http://www.pfie.com/attachments/PFIe/PFI_
Finance International
Mid-Year_Review_2010.pdf

2009
http://www.sanea.org.za/CalendarOfEvents/
2010/SANEALecturesJHB/Jul20/SANEA_S
Presentation by The
tandard%20Bank_%2020072010%20(ThomStandard Bank
as%20Orr).pdf

31

Bosnia andHerzegovina

Stanari

China
Development
Bank

https://www.chinadialogue.net/blog/6794Dirty-Bosnian-coal-plant-shows-holes-inChina-s-green-investment-drive/en
0.444 300MW

Power and Energy Minister John Seneviratne said the two
governments had signed a commercial agreement for the second
phase of the Norochcholai coal power project in the north-western
Puttalam district.

The $1 billion GNPower Mariveles power project – the largest
Philippine greenfield power project financing in over a decade
http://www.ijonline.com/pfArticle by The IJGlobal
and the first non-recourse overseas power project financing forarchive/article/2805352/gnpower-marivelesChina Development Bank (CDB) and Sinosure – reachedchinese-lenders-abroad
2010
financial close in March 2010.

http://siteresources.worldbank.org/INTGUAReport by The WorldRANTEES/Resources/BotswanapowerMoru
Bankpule.pdf

30 Botswana

The Chinese government has provided $891 million t hrough the
Exim Bank to finance Phase II of the Norochcholai Coal Power
Plant Project in Puttalam District, under a Preferential Buyer's
Credit Facility at an interest rate of around 4%.

2012

China Development Bank provided a US$493m direct loan,
which Sinosure guaranteed.

Insurance from China Export & Credit Insurance Corporation(Sinosure), whose participation is based on Chinese content in the
EPC Contract, covers 95 percent of scheduled and unpaid
principal and interest amount during the first fifteen years of the
ICBC loan.
Commercial bank loan
(Sinosure/ IBRD PCG) 825.0$0.825billion*0.95=$0.784billion

The financing deal closed in October 2009.

The lignite is to feed the coal plant in Bosnia and Herzegovina.
China Development Bank has provided a 350 million euro loan
to construct the facility, while China's Dongfang Electric
Article in chinadialogue
Corporation has been hired by the owner, EFT, to build it.
The signing of the deal in Banja Luka tomorrow follows thePress Release by Energy
http://www.eftrecent announcement of China’s new $10 billion credit line forFinancing Team Group
group.net/index.php/news/single/62/EFTinfrastructure projects in eastern and central Europe, announced
and-China-Development-Bank-in-EUR-350by Premier Wen during his recent visit to Poland.
million-financing-deal-for-Stanari-TPP
EURO 0.35billion*1.2698 (dollar/euro)=$0.444billion

32 Serbia

Kostolac

Export-Import
Bank of China

0.305 350MW

2013(Creditline)

The second phase of the project package should be financed througha new loan from the Chinese Exim Bank for the amount of US$ 609
million under preferential terms, as part of the financial package
http://www.rts.rs/page/stories/sr/story/13/Ek Article by Radiofrom the Chinese government to 16 countries of Central and Easternonomija/1413586/Nikoli%C4%87+sa+kinesk televizija Srbije (cited in Europe. ...Besides this one, another guarantee will be provided forom+delegacijom.html
a report from the Center TE-KO Kostolac. Article 3, paragraph B (project and program loans),(cited by
for Transparancy andof the 2014 State Budget defines that a guarantee will be given to
http://bankwatch.org/sites/default/files/CRT Accountability)
the Chinese Export Bank (Exim Bank) for the amount of
Areport-Kostolac-subsidies-30Jun2014.pdf)
US$ 608,260,000 for the implementation of the second phase of the
project package TE-KO Kostolac (construction of the new power
plant unit at the Drmno site and expansion of the mine).

http://www.bloomberg.com/news/2013-1120/serbs-sign-716-million-coal-plant-minedeal-with-cmec.html

Article by Bloomberg

The unit planned at Serbia’s Kostolac plant east of Belgrade and the
expansion of the Drmno open-pit lignite mine will be 85 percent
funded by the Export-Import Bank of China, Dragan Jovanovic,
general manager of Thermal Power Plants and Mines Kostolac, saidin Belgrade today. “We expect parliamentary approval for the
borrowing by the end of the year,” so construction may start in early2014 and the Kostolac B3 unit may be commissioned in 2019, Energy
Minister Zorana Mihajlovic said.Serbia, which has scaled backborrowing by unprofitable state-owned companies, will offer Exim
Bank a US $608.2 million guarantee to be included in the draft 2014
budget that lawmakers are due to approve by mid-December.
Since this project covers both power generation and coal mining, we
discountd the amount by half ($0.609billion*0.5=$0.305billion

http://www.investor.uz/?p=802

33 Uzbekistan

AngrenExport-Import
Bank of China

0.1656 150MW

Article in Uzbekistan
Investment Guide

2013

Article by TREND
http://en.trend.az/business/finance/2188862.
News Agency
html

34 Brazil

Candiota

China
Development
Bank

Total Amount including MoUs and credit lines
Total Amount excluding MoUs and credit lines

http://investimentos.mdic.gov.br/public/arq Presentation by China
uivo/arq1272637600.pdf
Development Bank
0.3555 350MW

20.6 billion dollars
13.1 billion dollars

2008

http://www.bnamericas.com/news/electricpo Article by Lamericas
wer/Eletrobras_signs_loan_agreement_for_
Candiota_construction

China’s Harbin Power Engineering Ltd. and Uzbekistan’s stateowned joint-stock company Uzbekenergo have signed a contract
to modernize the Angren Combined Heat and Power Plant(CHPP) in the Tashkent region. ... Under the contract, Harbin
Power Engineering Ltd. will build a new 150-megawatt power
unit with heat extraction for burning high-ash coal. The projectwill be implemented over the course of three years. The $249.3million project will be financed with a $165.6-million loan from
Export-Import Bank of China and $83.7 million of Uzbekenergo’s
own funds. There are plans to sign a loan agreement with the
Chinese bank in the fourth quarter of this year. (Saturday,
September 15th, 2012)
The Export-Import Bank of China will deliver a loan worth$165.6 million to Uzbekistan for the modernisation of the Angren
thermal power plant in the Tashkent region, a source ingovernment circles told Trend on Monday.According to the source,
an agreement was signed between the Chinese Export-Import
Bank and the Industrial and Construction Bank of Uzbekistan(Uzpromstroybank) during Chinese President Xi Jinping's visit to
Tashkent on Monday..... According to the contract, the Chinesecompany will build a new energy bloc with a capacity of 150 MW
for burning high-ash coal. The bloc is planned to be commissioned
in the first quarter of 2016.
The bank will supply all the construction capital, venture capitaland duty, etc. CDB, as arranger, supply loan of US$355.5
million.
Brazilian federal power company Eletrobrás has signed a
US$430mn loan deal with China Development Bank andFrance's BNP Paribas for the construction of the 350MW
Candiota coal-fired plant's third unit, Eletrobrás subsidiary
CGTEE said in a statement.