China Eximbank provides $360 million preferential buyer’s credit for 150MW Zongo II Hydroelectric Dam Construction and a 220 kV Transmission Line Project (Linked to Project ID#59085)

On January 29, 2011, China Eximbank and the Government of the Democratic Republic of Congo signed a $360 million preferential buyer’s credit (PBC) agreement for the 150MW Zongo II Hydroelectric Dam Construction and a 220 kV Transmission Line Project. The PBC carried the following terms: 20 year maturity, 8 year grace period, 2% interest rate, and 0.75% commitment fee. According to Government of the DRC's Aid Management Platform (AMP), this loan had disbursed $91,046,040.07 as of July 2019. This project involved the construction of the Zongo II hydroelectric dam and the construction of a 220 kV transmission line from the dam to Kinsuka. The dam was expected to produce 150 megawatts per annum and create 2,000 jobs during its three-year construction phase. Sinohydro and Societe Nationale d'Electricite (SNEL) were jointly responsible for project implementation. Construction began on May 16, 2012 and the project was officially completed on June 22, 2018.

Additional details

This project is also known as Central Zongo II Dam, 150MW Zongo II Hydropower Station Project, and Phase 2 of the Zongo Hydroelectric Dam Project. The Chinese project title is ZONGO Ⅱ水电站实 or 宗果水电站二期 or 宗戈水电站二期 or 宗果水电站二期项目. The French project title is Construction du Barrage Zongo.

Number of official sources

26

Number of unofficial sources

26