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

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.

Additional details

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.

Number of official sources

5

Number of total sources

7