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English > Industry > Industry-Breaking News>Haiyang Nuclear Power Project Obtains 36 Bln Yuan Loan

Haiyang Nuclear Power Project Obtains 36 Bln Yuan Loan

07-02 17:40 Caijing



» The construction of China's largest nuclear power plant, planned for the city of Haiyang in eastern China's Shandong province, will be financed with a 36 billion yuan loan from a syndicate led by China Development Bank and Industrial and Commercial Bank of China, according to China Power Investment Corp.
» CDB will guarantee the loan for the Haiyang Nuclear Power Project, while ICBC will serve as clearing agent.
» Other lenders include Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, China Merchants Bank, Bohai Bank and Export-Import Bank of China.
» Construction of the project is expected to be completed in 2014. The plant will have an annual capacity of 4,400 megawatts.
» The project involves an estimated 40 billion yuan of total investment.
From wires
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