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Overview

CNEEC provides $5.8 million USD supplier's credit for Electricity Generators Project

Commitments (Constant USD, 2023)$11,625,117
Commitment Year•2005Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2005
First repayment (originally scheduled)
Jan 1, 2007
Last repayment (originally scheduled)
Dec 31, 2011

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned companies

  • China National Electric Engineering Co., Ltd. (CNEEC)

Receiving agencies

Government Agencies

  • Government of Sudan

Implementing agencies

State-owned companies

  • China National Electric Engineering Co., Ltd. (CNEEC)
  • Sudan National Electricity Corporation (NEC Sudan)

Loan description

CNEEC provides $5.8 million USD supplier's credit for Electricity Generators Project

Grace period•2 yearsGrant element•23.6448%Interest rate (t₀)•3%Interest type•Fixed Interest RateMaturity•7 years

Narrative

Full Description

Project narrative

In January 2005, China National Electric Engineering Corporation (CNEEC) signed a $5.8 million USD supplier's credit agreement with the Government of Sudan for the Electricity Generators Project. This loan carried the following terms: 3% interest rate, 2-year grace period, and 7-year maturity. The purpose of this loan was to help the Government of Sudan’s acquire electricity generators from CNEEC. The generators were delivered and the project was completed, but the precise dates unknown.

Staff comments

In the database of Chinese loan commitments that SAIS-CARI released in July 2020, it includes this loan (although it identifies China Eximbank as the funder) as well as a separate $8 million China National Electric Engineering Co. Ltd (CNEEC) supplier credit in 2006 for the SP-2 Diesel Generator Power Plant Project. AidData has not independently confirmed that these are in fact two different projects and financial commitments; therefore, to minimize the risk of double-counting, AidData does not record a separate $8 million commitment for the SP-2 Diesel Generator Power Plant Project.