Chinese Government provides $12.1 million USD loan for Phase I of Khartoum State Electricity Facilities Rehabilitation Project (Linked to #47205, #57982)

In 2002, the Chinese Government and the Government of Sudan signed a $12.1 million USD loan agreement for Phase I of Khartoum State Electricity Facilities Rehabilitation Project. According to the Bank of Sudan Annual Report 2002, the loan carried a 3% interest rate, 5-year grace period, and 20-year maturity (PDF p. 100). In 2002, Sudan drew down $1.8 million USD of this loan, $1.2 million in 2003, and $6.6 million USD in 2004. This project involved the rehabilitation of Khartoum State Electricity facilities. China National Electric Engineering Co., Ltd. (中国电力工程有限公司) was the contractor responsible for implementation. This project was completed, but the precise project start and end dates are unknown. Also in 2002, China provided a $38.6 million USD loan for equipment to support Phase I of this project (see Project #57982). Moreover, China provided a $19.5 million USD grant for Phase II (see Project #47205).

Additional details

This project is also known as the Phase 1 of the National Capital Power Project and Phase 1 of the Khartoum State Electricity Project. The Chinese project title is 苏丹首都电网改造工程. The 2002 Annual Report of the Bank of Sudan refers to interest rates as 'loan fees’.

Number of official sources

6

Number of total sources

7