Harbin Electric Company provides $82 million supplier's credit for Phase II of 212MW El-Jaili (Garri/Qarre) Gas Power Plant Construction Project (Linked to Project ID#158, #55858)
Commitment amount
$ 186767473.9947042
Adjusted commitment amount
$ 186767473.99
Constant 2021 USD
Summary
Funding agency [Type]
Harbin Electric Company Limited [State-owned Company]
Recipient
Sudan
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Other public sector debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
In March 2004, Harbin Electric International Company Limited (HEC; formerly known as Harbin Power Equipment Co. Ltd. or HPEC) signed an $82 million supplier's credit agreement with the Sudan National Electricity Corporation (NEC) for Phase II of the 212MW El-Jaili (Garri/Qarre) Gas Power Plant Construction Project. The borrowing terms of the loan are unknown. However, it is known that the loan was collateralized against oil receipts and China Export & Credit Insurance Corporation (Sinosure) provided credit insurance. This project involved the installation of 4 gas turbines, 4 heat boilers, and 2 steam turbines with a total power generation of 200,000 kilowatts at the El-Jaili (Garri/Qarre) Gas Power Plant located about 80 km north of Khartoum. Harbin Electric Company Limited was the contractor responsible for implementation. The first gas turbine was connected to the national electricity grid on January 29, 2007. Then, on January 5, 2009, Sudan's President Omar Hassan Al Bashir, the Chinese Foreign Minister, and other Sudanese government officials opened the Garri (Qarre) I and II power stations. Together, the power stations added 300 megawatts to the national grid.
Additional details
1. The Chinese project title is 吉利电站二期项目 or 的苏丹吉利联合循环电站二期扩 or 司承建的苏丹吉利联合循环电站二扩. 2. Chinese state-owned entities also financed Phase I (as captured via Project #158) and Phase IV (as captured via Project ID#55858)
Number of official sources
10
Number of total sources
18
Details
Cofinanced
No
Direct receiving agencies [Type]
Sudan National Electricity Corporation (NEC Sudan) [State-owned Company]
Implementing agencies [Type]
Sudan National Electricity Corporation (NEC Sudan) [State-owned Company]
Sudan Ministry of Energy and Mineral Resources [Government Agency]
Harbin Electric Company Limited [State-owned Company]
Insurance provider [Type]
China Export & Credit Insurance Corporation (Sinosure) [State-owned Company]
Collateral
Oil