Datang International Power Generation Grants RMB600 Million Entrusted Loan to Chaozhou Power Generation

Reuters17:37
Datang International Power Generation Grants RMB600 Million Entrusted Loan to Chaozhou Power Generation

Datang International Power Generation Co. Ltd. has announced the signing of a new entrusted loan agreement with Chaozhou Power Generation and Bank of China. Under the agreement, Datang will provide an entrusted loan of RMB600 million to Chaozhou Power Generation through Bank of China, acting as the entrustee. The loan carries a fixed annual interest rate of 2.75%, which is 75 basis points below the most recent five-year loan prime rate. The term of the loan runs from December 19, 2025, to December 11, 2035. The financing will support the construction and operation of the Datang Chaozhou Power Plant Units 5-6 Project, part of a larger initiative to enhance energy supply in Guangdong Province.

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