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Examples of Financed Projects by China Sinomach
In order to give you an idea what we can offer of financial support or loan to foreign project, here we list some examples signed in 2006 within Sinomach or its subsidiaries.
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1. Export-Import Bank of China and the Ministry of Finance of Kenya signed an agreement at the Ministry of Finance of Kenya in Nairobi, granting preferential loans to the Kenya city electricity network reconstruction project undertaken by CAMC affiliated to SINOMACH.
The project was initiated by the Kenya government with an aim to promote agricultural and economic development. It includes 183.5 kilometers long of 132kV transmission lines, 76 kilometers long of 33kV distribution lines and 2 23MVA 132/33kV transformer substations. |
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2. CAMC under SINOMACH signed contract with Kyrgyzstan South Kirghizia Cement Group about the Kyzyl-Kyja cement factory project in Beijing on April 12. This is the first business contract after the Chinese government offered 900 million dollars of preferential export under buyer’s credit. It is also the first large-scale cement project undertaken by China in the form of EPC in Middle Asia. |
The signing ceremony of the Senegalese government information network project undertaken by China National Machinery & Equipment Import & Export Corporation (CMEC) affiliated to China National Machinery Industry Corporation (SINOMACH) was held in the Great Hall of the People on June 22. Hu Jintao, President of China, Abdoulaye Wade, President of Senegal, Tang Jiaxuan, State Councilor of China and other Senegalese government officials attended the ceremony.
The Senegalese government information network project is the largest trade and economic cooperation between China and Senegal since the two countries reestablished diplomatic relations. The implementation of this project symbolizes that China’s high-tech informational equipment entering the international market for the first time. The Senegalese government work will be computerize and integrated into network upon the completion of the project. Efficiency and quality of service of the Senegalese government will be greatly enhanced and the Senegalese will have easier access to relevant information.
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4. The signing ceremony of Trinidad-Tobago aluminum factory project undertaken by CMEC under SINOMACH was held at Hilton Hotel in Port-of-Spain, capital of Trinidad-Tobago on December 12, 2005. This is the largest international project undertaken by China in Central America and Caribbean areas.
Trinidad-Tobago aluminum factory project was undertaken by CMEC in the form of EPC. The output of liquid aluminum will reach 125,000 tons annually after the project is put into use. The total contract valued at 465 millioins USD. |
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(CHMC) to provide electromechanical devices for CUA DAT hydropower station in Vietnam.
China National Heavy Machinery Corporation (CHMC) signed a contract with its Vietnamese counterparts in Hanoi to provide electromechanical devices for CUA DAT hydropower station as EPC, which is one of the top 10 national projects in Vietnam. The contract includes team design, manufacturing, supplying, transportation, installation, field erection, testing of 2×48.5MW electromechanical devices as well as technical training.
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CMEC and Electric Bureau of Senegal has signed a frame contract for CMEC as EPC for Senegal's Dakar Around City Power Transmission Project. This project is the key project in Senegal and also the Second project between the two nations ever since both nations established formal diplomatic relation in 2005. The project includes 30KM around city power transmission lines of 90kv, four units of 90/30kv substation and auxiliaries with GIS system. The total is about 70 millions USD and will complete in 24 months. |
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Other financed projects include: 450 millions USD for power plant and transmission projects in Sri Lanka, 120 millions USD of telecommunication projects in Africa, 250 millions USD for railway project in Africa.
| EREN Supercritical Coal Fired Power Plant, |
(1+1)X600MW |
2011 |
Turkey |
| Mukah () Coal Fired Power Plant Project, |
2x135MW |
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Malaysia |
| Biga Circulated Fluidized Bed () Power Plant Project , |
2x135MW |
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Turkey |
| Puttalum Coal Fired Power Plant Project, |
3X300MW |
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Sri Lanka |
| Hongsha Subcritical power station |
3×600MW |
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Thailand |
| Brazil 860 million USD coal fired |
2x600mw |
2009 |
Brazil |
| Nigeria 2x42mmw GE gas turbine plant |
2x42mw |
2009 |
Nigeria |
| Nigeria 3x42mmw GE gas turbine plant |
3x42mw |
2009 |
Nigeria |
| Sri Lanka |
2x350mw |
2009 |
Sri Lanka |
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| Most of them are financed as soft loan with sovereign guarantee. |
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