Project ID: 47044

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

Commitment amount

$ 9346965.792180836

Adjusted commitment amount

$ 9346965.79

Constant 2021 USD

Summary

Funding agency [Type]

Export-Import Bank of China (China Eximbank) [State-owned Policy Bank]

Recipient

Sudan

Sector

Energy (Code: 230)

Flow type

Loan

Level of public liability

Central government debt

Infrastructure

Yes

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2006-02-20

Geography

Description

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 Project #47208).

Number of official sources

5

Number of total sources

8

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Details

Cofinanced

No

Direct receiving agencies [Type]

Government of Sudan [Government Agency]

Implementing agencies [Type]

Sudan Ministry of Energy and Mineral Resources [Government Agency]

Loan Details

Maturity

8 years

Interest rate

3.4%

Grace period

1 years

Grant element (OECD Grant-Equiv)

19.0085%

Bilateral loan

Investment project loan