Project ID: 28218

CEEC provides $22 million supplier's credit for 9.8MW Mabubas Hydropower Project Expansion Project (linked to #34788, #34827)

Commitment amount

$ 22407103.23

Constant 2017 USD

Summary

Funding agency [Type]

China Energy Engineering Group [State-owned Company]

Recipient

Angola

Sector

Energy (Code: 230)

Flow type

Supplier's Credit/Export Seller's Credit

Concessional

Vague

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Completion (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Implementation

2009

2009-07-01

Actual start

Commitment year

2012

Completion

2012

2012-05-14

Actual

NOTE: This project began implementation and then later secured financing from a Chinese funding agency to continue project implementation

Geography

Description

In 2012, China Energy Engineering Corporation (CEEC) — a Chinese state-owned enterprise — provided a $22 million supplier's credit to the Government of Angola for the 10MW Mabubas Hydropower Project Expansion Project (see Chinese Loans to Africa Database). The borrowing terms of this loan are unknown. The project involved an expansion in the capacity of the Mabubas hydroelectric dam in Bengo Province from 17MW to 26.8MW. CEEC and Guangxi Hydroelectric Construction Bureau (GHCB) were the contractors responsible for implementation (See: Mabubas dam in Angola inaugurated once again Monday). Construction began in July 2009; and the the dam was reopened on 14 May, 2012 (See: Mabubas dam in Angola inaugurated once again Monday).In 2005, China Eximbank provided a $13.13 million buyer’s credit loan (BCL) for the 60kv Quifangondo-Mabubas Transmission Line and Substation Reconstruction Project (see Project #34788) as well as a $20.613 million BCL from 2007 for the Caxito Electricity Network (MT, BT, and IP) Rehabilitation and Expansion and 60Kv Quifangondo-Cazenga Transmission Line Rehabilitation Project (see Project #34827).

Number of official sources

1

Number of unofficial sources

5

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Details

Cofinanced

No

Receiving agencies [Type]

Government of Angola [Government Agency]

Implementing agencies [Type]

China Energy Engineering Group [State-owned Company]; Guangxi Hydroelectric Construction Bureau (GHCB) [State-owned Company]

Loan type

No Information

Gurarantee provided

No

Insurance provided

No