China Eximbank provides $112 million loan for 12.45MW Chiumbe-Dala Hydroelectric Power Plant and 110kV Luena Transmission Lines and Substations Project
Commitment amount
$ 123994665.9177507
Adjusted commitment amount
$ 123994665.92
Constant 2021 USD
Summary
Funding agency [Type]
Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]
Recipient
Angola
Sector
Energy (Code: 230)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
Yes
Category
Project lifecycle
Geography
Description
On May 9, 2014, China Eximbank signed a $112 million loan agreement with the Government of Angola for the 12.45MW Chiumbe-Dala Hydroelectric Power Plant and 110kV Luena Transmission Lines and Substations Project. The borrowing terms of the loan are unknown. The purpose of the project was to construct a 12.42MW Chiumbe-Dala Hydroelectric Power Plant on the Chiumbe River in the municipality of Dala within Lunda Sul province and construct 99.6 km of 110kV electricity transmission lines that evacuate power from the Chiumbe-Dala Hydroelectric Power Plant to Luena city in the province of Moxico and also Dala municipality. Sinohydro was the contractor responsible for implementation and it hired 299 Angolan and foreign workers. Construction of the hydroelectric power plant began in 2014 and ended on April 7, 2017. The 110kV Luena Transmission Lines and Substations project component was completed on May 20, 2018.
Additional details
1. The Chinese project title is 安哥拉琼贝-达拉水电站修复项目 or 局承担施工的安哥拉琼贝达拉水电站项目. 2. The Portuguese project title is Hidroeléctrico de Chiumbe-Dala linha de transporte 110KV Dala-Luena e Subestação do Luena 110/15 2x10 MVA.
Number of official sources
8
Number of total sources
18
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Angola [Government Agency]
Implementing agencies [Type]
SinoHydro [State-owned Company]
Government of Angola [Government Agency]