LINE

Text:AAAPrint
Economy

Peru hydropower plant gets China funding

1
2017-12-01 13:09Global Times Editor: Li Yan ECNS App Download

China Three Gorges Corp and China Development Bank (CDB) have signed an agreement on financing a hydroelectric power project in Peru, news site hanqiu.com reported on Thursday.

CDB will provide $365 million in 19-year loans, the report said. Three Gorges Corp is part of a multi-party deal to finance and construct the hydropower San Gaban III project.

Construction of the project started on September 1 this year and is set to be completed by August 2021. It will ease power shortages in southeast Peru, as well as large volumes of waste gas and emissions annually, the report noted.

CDB has provided loans to Peru totaling more than $5 billion, the report added.

  

Related news

MorePhoto

Most popular in 24h

MoreTop news

MoreVideo

News
Politics
Business
Society
Culture
Military
Sci-tech
Entertainment
Sports
Odd
Features
Biz
Economy
Travel
Travel News
Travel Types
Events
Food
Hotel
Bar & Club
Architecture
Gallery
Photo
CNS Photo
Video
Video
Learning Chinese
Learn About China
Social Chinese
Business Chinese
Buzz Words
Bilingual
Resources
ECNS Wire
Special Coverage
Infographics
Voices
LINE
Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
Copyright ©1999-2018 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.