Overview

China Eximbank provides $4.6 million USD loan for North Kordofan Solar Energy Project (Linked to Record ID#47208)

Commitments (Constant USD, 2023)$8,631,974

Commitment Year•2006Country of Activity•SudanDirect Recipient Country of Incorporation•SudanSector•EnergyFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Feb 20, 2006

First repayment (originally scheduled): Jan 1, 2007

Last repayment (originally scheduled): Dec 30, 2013

Geospatial footprint

Map overview

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The purpose of the project is to fund the North Kordofan Solar Energy Project in Northern Kordofan. More detailed location information can be found at: https://www.openstreetmap.org/relation/3774669#map=8/14.417/29.655.

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 Policy Banks

Export-Import Bank of China (China Eximbank)

Receiving agencies

Government Agencies

Government of Sudan

Implementing agencies

Government Agencies

Sudan Ministry of Energy and Mineral Resources

Loan desecription

China Eximbank provides $4.6 million USD loan for North Kordofan Solar Energy Project

Grace period•1 yearsGrant element•21.8243%Interest rate (t₀)•3.4%Interest type•Fixed Interest RateMaturity•8 years

Narrative

Full Description

Project narrative

On 20 February 2006, China Eximbank and the Government of Sudan signed a $4.6 million USD loan agreement for the North Kordofan Solar Energy Project. This loan carried a 3.4% interest rate, 8-year maturity, and 1-year grace period. All other project details are unknown. The following year, the Chinese Government provided an additional $6.7 million USD loan for the same project (see Record ID#47208).