China Eximbank provides RMB 636.6 million government concessional loan for Phase II of Kenya Power Distribution System Modernization Project (linked to Project ID#1043, #58359)

In 2009, China Eximbank provided a government concessional loan (GCL) to the Government of Kenya worth RMB 636.6 million for the Kenya Power Distribution System Modernization Project (also known as Phase II of the Kenya Urban Power Grid Upgrading Project or Kenya Power Distribution System Modernization and Strengthening Phase II Lot 1). The terms of the loan were as follows: 2% interest rate, 7 year grace period, and 20 year maturity. This project involved the construction of a Rabai-Malindi-Garsen-Lamu 328 km 220kV single circuit transmission line, as well as substations at Malindi, Garsen, and Lamu. The contractors responsible for project implementation included China CAMC Engineering Co., Ltd. and Parson Brinckerhoff of UK. The project officially started on November 29, 2011. On March 22, 2014, the Rabai-Malindi 220kV 124km HV transmission line and Malindi 220kV substation achieved grid connection. The project was formally completed on March 25, 2014. Then, on June 17, 2014, a taking-over certificate for the Garsen and Lamu substations, 110km transmission line from Malindi-Garsen, and 94.5 km transmission line from Garsen-Lamu was signed.Project #58359 captures a Chinese fund of 41,182,400 USD for the same project.

Additional details

In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it does not record the lending terms for this China Eximbank loan. AidData obtained the lending terms (2% interest rate, 7 year grace period, 20 year maturity) from the Government of Kenya's public debt register. AidData records the commitment year as 2009 in line with the Government of Kenya's public debt register.

Number of official sources

19

Number of unofficial sources

4