Banks arrange financing
BANK of China Hong Kong and the Internationale Nederlanden Bank Hong Kong branch said they had arranged and lead-managed a six-year US$168 million limited course project financing for Shunde Sheng Power Plant Co.
The syndication loan is for the installation of a 273 megawatt combined cycle power plant for the Sino-foreign joint venture.
The total project cost is $250.2 million, of which $82.2 million will be contributed by the shareholders of the borrower in the form of equity.
The remaining 67 per cent of the project cost is provided by a syndicate of 21 international banks.
for financing the purchase of two diesel turbines, one steam turbine, capitalised interest and other costs.