Harbin Electric Company provides $82 million USD supplier's credit for Phase II of the 212MW El-Jaili (Garri/Qarre) Gas Power Plant Construction Project (Linked to #158, #55858)
Commitment amount
$ 162110790.0
Constant 2017 USD
Summary
Funding agency [Type]
Harbin Electric Company Limited [State-owned Company]
Recipient
Sudan
Sector
Energy (Code: 230)
Flow type
Supplier's Credit/Export Seller's Credit
Concessional
Vague
Category
Project lifecycle
Description
In March 2004, Harbin Electric International Company Limited (HEC; formerly known as Harbin Power Equipment Co. Ltd. or HPEC) signed an $82 million USD 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 (see BBC article; Chinese Loans to Africa Database). The loan terms are unknown. China Export & Credit Insurance Corporation (Sinosure) provided insurance for this loan (see Harbin 2016 report). According to a World Bank document (source #11327, p. 57), oil served as collateral for this loan.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 29 January 2007. Then, on 5 January 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.China also financed Phase I (see Project #158) and Phase IV (#55858) of this project.
Additional details
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.
Number of official sources
10
Number of unofficial sources
8
Details
Cofinanced
No
Receiving agencies [Type]
Sudan National Electricity Corporation (NEC Sudan) [State-owned Company]
Implementing agencies [Type]
Harbin Electric Company Limited [State-owned Company]; Sudan Ministry of Energy and Mineral Resources [Government Agency]; Sudan National Electricity Corporation (NEC Sudan) [State-owned Company]
Accountable agencies [Type]
Loan type
No Information
Gurarantee provided
No
Insurance provided
Yes
Collateralized/securitized
Yes
Collateral
Oil