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Overview

China Eximbank pledges to lend $60 million for Phase II of Kapichira Hydroelectric Dam Project

Commitments (Constant USD, 2023)$77,168,308
Commitment Year•2010Country of Activity•MalawiDirect Recipient Country of Incorporation•MalawiSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2010
End (actual)
Jan 17, 2014

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Policy Banks

  • Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

  • Government of Malawi

Implementing agencies

State-owned companies

  • China Gezhouba Group Company Ltd. (CGGC)

Loan desecription

China Eximbank pledges to lend $60 million for Phase II of Kapichira Hydroelectric Dam Project

Interest type•Unknown

Narrative

Full Description

Project narrative

On May 31, 2010, the Government of Malawi announced a plan to construct the second phase of the Kapichira II hydroelectric power station on the Shire river. Phase II was designed add an additional 64 megawatts of generative capacity through two 32,000 kilowatt Francis Type water turbine-generator units and subsidiary mechanical and electrical equipment, as well as the design, procurement, installation, construction, debugging and commissioning of a 20km-long 132kV transmission line. The total project duration as stipulated in the contract was 36 months. According to a 2010 MOFCOM article, Malawi's Minister of Finance announced that China Eximbank would provide a $60 million loan for this project. In the Sinohydro Overseas Projects dataset, the Kapichira II hydroelectric power station is also identified as being funded by China Eximbank. However, no further mention of China Eximbank occurs in any sources past 2012, so for the time being we code this project as a pledge rather than an official commitment. China Gezhouba was the contractor responsible for project implementation. On January 17, 2014, the power plant was handed over.