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China Eximbank provides $19.55 million preferential buyer’s credit for 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Belarus Ministry of Finance |
| Country | Belarus |
| Start Date | Aug 27, 2021 |
| End Date | Sep 16, 2027 |
| Duration | 2,211 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 92533 |
Grant Description
China Eximbank provides $19.55 million preferential buyer’s credit for 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project On August 27, 2021, China Eximbank and the Ministry of Finance of the Republic of Belarus signed a $19.55 million preferential buyer’s credit (PBC) agreement [CHINA EXIMBANK PBC NO. (2021) 1 TOTAL NO. (508)] for the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project.
The proceeds of the PBC are to be used by the borrower to partially finance a commercial contract with North China Power Engineering Co., Ltd. (NCPE).
The purpose of the project is to reconstruct the 220kV Stolbtsy (Столбцы) substation and construct a 330kV transmission line that runs from the Stolbtsy (Столбцы) substation to the Baranovichi (Барановичи) substation. The ultimate objective of the project is to evacuate power from the Belarusian Nuclear Power Plant (BNPP).
NCPE — a subsidiary of China Power Engineering Consulting Group — is the EPC contractor responsible for implementation.
Staff Comments
- This project is also known as the Third and Fourth Phases of the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project and the 3rd and 4th Stages of the 220kV Stolbtsy Substation Reconstruction and 330kV Stolbtsy-Baranovichi Transmission Line Construction Project. The Russian project title is проекта «Реконструкция ПС 220 кВ Столбцы с переводом на напряжение 330 кВ и строительством ВЛ 330 кВ Столбцы — Барановичи» (строительство 3-й и 4-й очередей) or «Реконструкция ПС 220 кВ Столбцы с переводом на напряжение 330 кВ и строительством ВЛ 330 кВ Столбцы – Барановичи».
- On July 16, 2013, China Eximbank and the Government of Belarus signed a $323,817,000 preferential buyer’s credit (PBC] agreement [CHINA EXIMBANK No. PBC (2013) 28 (272)] to support the Power Distribution System for the Belarusian Nuclear Power Plant (BNPP) Project (as captured via Project ID#42422). NCPE also implemented this project.
Sources & References
- ЗАКОН РЕСПУБЛИКИ БЕЛАРУСЬ 31 декабря 2021 г. № 142-З
- Belarus draws $19.55m loan from China Exim Bank to rebuild Stolbtsy substation
- China to extend Belarus $19.55m loan to reconstruct 220kV Stolbtsy substation, Завершены работы по реконструкции подстанции 220 кВ «Столбцы» (1 и 2 очереди строительства), Китай предоставит Беларуси $19,55 млн кредита на реконструкцию подстанции 220 кВ 'Столбцы', ПОДРЯДЧИКУ ИЗ КНР РАЗРЕШИЛИ НАНИМАТЬ ИНОСТРАНЦЕВ ДЛЯ СТРОИТЕЛЬСТВА ЛЭП СТОЛБЦЫ — БАРАНОВИЧИ, Включена высоковольтная линия 330 кВ «Белорусская АЭС – Столбцы» и новое оборудование 330 кВ подстанции «Столбцы», Беларусь привлекла китайский кредит в 19,55 млн долл на реконструкцию подстанции Столбцы, ОпривлечениильготногопокупательскогокредитаЭкспортно-импортногобанкаКитая, Указ Президента Республики Беларусь от 11 ноября 2021 года № 436, Включена высоковольтная линия 330 кВ «Белорусская АЭС – Столбцы» 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
Belarus Ministry of Finance
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