China Eximbank provides RMB 210 million government concessional loan for the Lomé and 10 Interior Towns Electricity Distribution Network Project (Linked to Project ID#72803 and #72737)

On December 27, 2013, as part of a series of agreements signed (for these other agreements, see linked project ID#72803), Chinese Ambassador to Togo, Liu Yuxi, and Togolese Minister of Economy and Finance, Adji Othèth Ayassor, signed am RMB 210 million (or CFA 15 billion franc) preferential loan framework agreement for the Lomé and 10 Interior Towns Electricity Distribution Network Project. Then, on February 14, 2014, the Export-Import Bank of China and the Ministry of Economy and Finance of the Republic of Togo finalized the RMB 210 million government concessional loan (GCL) agreement for the project. The loan (GCL) carried the following estimated borrowing terms: a 1.8728% interest rate, a 6.3639-year grace period, and a 20.2271-year maturity. The proceeds of the loan were used to finance a commercial contract with TBEA that was signed on April 26, 2012. China Eximbank disbursed $15,488,980 in support of the project in 2015. The project involved the strengthening of an electricity distribution network in the capital city of Lomé and in 10 towns in the interior of Togo. TBEA Co., Ltd. was the contractor responsible for implementation; its affiliate TBEA Nanjing Intelligent Electric Co., Ltd. was also involved in implementation. Togo's Ministry of Mines and Energy was the project's beneficiary ministry. The project has entered implementation because some of the loan proceeds have been disbursed, but its precise implementation start and end dates are unknown.

Additional details

1. This project is also known as the second phase of the 161/66/20 kV Sokodé Substation and Transmission Line Construction Project. 2. The first phase of the 161/66/20 kV Sokodé Substation and Transmission Line Construction Project was also financed by China Eximbank (as captured via Project ID#72737). 3. The French project title is Le renforcement et extension du réseau électrique de distribution de Lomé et des villes de l'intérieur or Le renforcement et l’extension du réseau de distribution de Lomé et de 10 villes de l’intérieur or Projet d'extension et de renforcement d'électricité. The Chinese project title is 多哥共和国各大城市及洛美周边地区配网巩固和扩建项目. 4. The China Eximbank loan that supported this project is not included in the database of Chinese loan commitments that SAIS-CARI released in July 2020. Nor is it included in the the Chinese Overseas Development Finance Dataset published by Boston University’s Global Development Policy Center in December 2020. 5. Some sources referred to the face value of the loan as CFA 15 billion francs. However, AidData has relied upon the RMB 210 million estimate since it is more likely that China Eximbank denominated this loan in RMB than in CFA. 6. The estimated borrowing terms (maturity, grace period, and interest rate) of the loan are drawn from the World Bank's Debtor Reporting System (DRS). See https://www.dropbox.com/s/2sw4f7gluxa52fk/DRS%20Official%20Commitments%20from%20China%20Through%202021.xlsx?dl=0 and https://www.dropbox.com/s/ab8qt4n6jijcbhd/IDS_Average%20interest%20on%20new%20external%20debt%20commitments.xlsx?dl=0 and https://www.dropbox.com/s/949n5rctiue6d7c/IDS_Average_grace_period_and_maturity_on_new_external_debt_commitments.xlsx?dl=0

Number of official sources

17

Number of total sources

24