China
Suzhou Suda Cogeneration Power Company Ltd.
$10.8 million
Power
Project Brief
Not Active
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.