China Huadian Signs $1.56 Billion Loan Agreement to Develop Hydropower Projects in Sichuan Province
Posted on July 01, 2008 at 01:00 AM EDT
BEIJING--July 1, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--A syndicated loan agreement was signed on June 20 for hydropower projects in the Muli River Valley that will be developed and invested by the Muli River Development Company (Xichang), a subsidiary of China Huadian Corporation (Beijing). The banks involved with the loan include: State Development Bank, China Huadian Finance Company, Bank of China (HKG:3988) (Beijing), Industrial and Commercial Bank of China (HKG:1398) (Beijing) and the Agricultural Bank of China. The $1.56 billion loan is the largest loan China Huadian has ever received.