China Eximbank provides $1.004 billion buyer’s credit loan for 400kv Soyo-Kapary Power Transmission and Transformation Project (Linked to Record ID#43795)

Project narrative

In 2013, China Eximbank and the Government of Angola signed a $1.004 billion buyer’s credit loan for the 400kv Soyo-Kapary Power Transmission and Transformation Project. The borrowing terms of this loan are unknown. However, it is known that Sinosure provided export buyer’s credit insurance for the loan. This $1.181 billion project, which was located in the province of Zaire and the northern part of the capital city of Luanda, involved the construction of a 1,020 km transmission line with a total of 2,539 towers between the towns of Soyo and Kapary. The project also included the installation of nine substations, 25 sets of 400 kV main transformers, and eight sets of 220 kV main transformers. The main equipment and auxiliary equipment were designed and manufactured in China. The project was implemented in two phases. The first phase started construction on July 1, 2014 and was put into operation on December 2, 2016. The second phase started in September 2016 and was completed on December 16, 2017. The entire line of construction was completed and handed over in 2020. Tebian Electric Apparatus Stock Co.,Ltd. (TBEA) was responsible for the design and construction of substations, and Sinohydro Engineering Bureau 4 Co., Ltd was mainly responsible for power line construction and substation civil works. North China Power Engineering Co Ltd of China Power Engineering Consulting Group was project consultant responsible for supervision. China Machinery Engineering Corporation (CMEC) was also involved in project implementation. This project is closely related to the China Eximbank-financed construction of the 750MW Soyo I Combined Cycle Power Plant, which is captured via Record ID#43795.