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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Suzhou Suda Cogeneration Power Company Ltd.
Project ID
2784
Fiscal year
1999
Status
Not Active
Guarantee holder
Coastal Gusu Heat and Power Ltd.
Investor country
Cayman Islands
Host country
China
Sector
Power
Gross exposure
 $10.8 million
Project type
Non-SIP

MIGA issued $10.8 million in coverage to Coastal Guzu Heat and Power Ltd., for its equity investment towards building and operating a 24-megawatt combined-cycle gas turbine in Suzhou Province. MIGA's guarantee offers coverage against the risks of transfer restriction, expropriation, and war and civil disturbance.

The project enterprise, a cooperative joint venture, is designed to alleviate the power shortage in Suzhou's urban district, and improve the reliability of its power supply. The facility will operate alongside another power plant, and use the waste heat to improve its own yield. The Suzhou Suda Cogeneration Power Co. plant will also benefit from the fuel delivery facilities of the neighboring power plant.

 
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