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Wuxi Huada Gas Turbine Electric Power Company

Sector: Commercial • Location: China

Source: Multilateral Investment Guarentee Agency (MIGA)

Project
Not Active

Coastal Wuxi Power, Ltd. (Cayman Islands), a wholly owned subsidiary of the Coastal Corporation of the United States, has invested in the construction and operation of a 40-megawatt gas turbine power plant in Jiangsu Province. MIGA issued two guarantee contracts totaling $13.5 million to cover Coastal Wuxi's equity and debt investments against the risks of expropriation, transfer restriction, and

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The project “Wuxi Huada Gas Turbine Electric Power Company” is an infrastructure initiative in the Commercial sector, located in China. Taiyo aggregates data on it from Multilateral Investment Guarentee Agency (MIGA).

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Participants

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not active

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Description

Description

Coastal Wuxi Power, Ltd. (Cayman Islands), a wholly owned subsidiary of the Coastal Corporation of the United States, has invested in the construction and operation of a 40-megawatt gas turbine power plant in Jiangsu Province. MIGA issued two guarantee contracts totaling $13.5 million to cover Coastal Wuxi's equity and debt investments against the risks of expropriation, transfer restriction, and war and civil disturbance. The project enterprise, Wuxi Huada Gas Turbine Electric Power Company, is a joint venture with two state-owned power companies. The facility is designed to alleviate a shortage of peak-hour electricity for Wuxi City's commercial users. Coastal Wuxi will train local staff in plant operation and maintenance and provide technical and managerial expertise to the project.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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